Eseandre Mordi
● XRP has shot up to the number-one spot on Upbit, beating out both Bitcoin and Ethereum in trading volume. It's unusual to see this kind of flip on such a major Asian exchange, where trading patterns often influence the broader region.
● XRP now has the highest volume, deepest liquidity, and top ranking on the platform. The post noted this is all happening "while Ripple drops non-stop bullish news at Swell 2025"—hinting that positive developments around the ecosystem might be fueling trader interest.
● But there are risks with this sudden shift. When volume piles into one asset this quickly, things can get choppy. Analysts warn that while big inflows attract new money, they can also lead to sharper price swings and catch retail traders off guard. If liquidity keeps moving from Bitcoin and Ethereum into XRP, it could strain market makers and create price gaps—especially if the hype fades fast.
● The numbers tell the story: XRP now accounts for over 15% of Upbit's trading activity, pulling liquidity away from other pairs. If this keeps up, traders might start hedging differently or moving profits into other high-volume altcoins, which could reshape how capital flows through Korean markets in the short term.
● Korea's crypto scene is one of the most active globally, and when volume leadership changes hands like this, it matters. High-traffic tokens tend to influence exchange decisions, risk models, and even local regulatory conversations around investor protection.
Eseandre Mordi
