by Coinstrooper Crypto Articles
Quick Take
  • The spike extends a rebound that began the previous day, when Upbit’s daily volume already jumped 273%.
  • The token accounted for 32.20% of Upbit’s 24-hour trading volume, ranking first among all traded assets, according to Upbit Datalab.
  • TRUMP ranked second on the exchange, contributing 10.93% of total volume.
  • USDT followed in third place with 8.39%, while Ethereum and Bitcoin rounded out the top five at 5.44% and 5.40%, respectively.

What Happened

That earlier rebound followed months of weaker trading, as South Korean investors favored domestic equities while the KOSPI climbed to record highs on AI-driven semiconductor demand. Upbit and Bithumb both reported declines in operating revenue of nearly 50% during the first half of 2026.

Speculation around a Robinhood Chain launch has fueled renewed interest in the token, alongside a broader recovery across Solana-based meme assets. Whether this two-day streak marks a lasting rotation back into crypto or another short-lived wave, as seen repeatedly this year, remains an open question for South Korean traders.

Market Context

South Korea’s Upbit recorded 1.15 trillion won, roughly $830 million, in trading volume within a single hour on Saturday, with XRP and TRUMP dominating the surge.

The spike extends a rebound that began the previous day, when Upbit’s daily volume already jumped 273%.

What Drove Upbit’s Record Hourly Volume

XRP led the charge by a wide margin. The token accounted for 32.20% of Upbit’s 24-hour trading volume, ranking first among all traded assets, according to Upbit Datalab.

TRUMP ranked second on the exchange, contributing 10.93% of total volume. USDT followed in third place with 8.39%, while Ethereum and Bitcoin rounded out the top five at 5.44% and 5.40%, respectively.

Upbit’s total 24-hour trading volume reached approximately $3.81 billion, while rival exchanges Bithumb and Coinone recorded $1.954 billion and $172 million, respectively.

Saturday’s spike was not an isolated event. On August 21, Upbit’s daily volume had already jumped 273% to roughly $1.84 billion, marking the exchange’s highest daily volume since mid-March.

XRP topped that session too, contributing $418.9 million and ranking ahead of Bitcoin, USDT, and ETH. Bithumb recorded a similar increase that day, with volume climbing 132.9% to about $934.9 million.

Why It Matters

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Why the Rebound Follows Months of Weaker Activity

Details

XRP traded near $1.44 at the time of writing, according to BeInCrypto data, up 2.1% over the past 24 hours despite an intraday flash crash and up nearly 50% over the past week. The token’s rally followed Ripple’s backing of a major XRP Ledger amendment, alongside strong ETF inflows.

That gain remains positive despite a brutal 37% flash crash earlier in the day, which briefly pushed XRP as low as $1.36 before it recovered, liquidating hundreds of millions in leveraged positions along the way.

TRUMP held its gains more cleanly. The token traded near $2.34, up 26% in 24 hours and more than 66% over the past week. Its all-time low of $1.37 came just nine days ago, on August 13.

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The post $830 Million in an Hour: XRP and TRUMP Drive New Record in South Korea appeared first on BeInCrypto.