While Bitcoin, the leading cryptocurrency, excites the market with its rise, there are also significant increases in altcoins.
While XRP stands out among altcoins, XRP has surpassed BTC. According to data, XRP dominated the South Korean stock markets, leaving Bitcoin behind.
Accordingly, Ripple (XRP) surpassed Bitcoin in transaction volume on South Korea's five largest stock exchanges, reaching over $650 million in 24-hour volume.
This figure corresponds to approximately 2.3 times the volume of BTC.
While XRP dominates much of the overall trading activity in South Korea and has become dominant on the country's largest exchanges, the recent price increase appears to be due to South Korea as well.
At this point, XRP's trading volume on Upbit alone reached $526.8 million, exceeding BTC's combined volume on all major South Korean exchanges. Because the transaction volume of Bitcoin on the five major exchanges is around 282 million dollars.
In addition, on Upbit, South Korea's largest stock exchange, XRP ranked first in terms of transaction volume, followed by Bitcoin in second place and popular memecoin Shiba Inu (SHIB) in third place.
The last time XRP overtook Bitcoin in the South Korean market was last July. At the time, XRP had skyrocketed to its 1.5-year peak of $0.93 following the favorable decision from the SEC case.
XRP, which has decreased by 7% in the last 24 hours, continues to trade at $ 0.57 at the time of writing.
*This is not investment advice.