The transaction volume of Ripple (XRP), one of the most talked about altcoins of recent days, has reached extreme levels in some South Korea-based crypto exchanges.
The XRP price, which has been on the rise recently with the rumors that the Ripple case will result in a positive result, has created a significant transaction volume.
According to data provided by exchanges, South Korea’s three largest cryptocurrency exchanges Upbit, bithumb And chorbiteTotal XRP trading volume in to billions of dollars According to the data, Upbit’s XRP trading volume exceeding $790 million in the same period Binance’s $720 million outperformed the trading volume.
XRP trading volume, on the other hand, is higher than Bithumb’s total trading volume 37%sine and Korbit’s total trading volume 50%He broke a historical record. CoinDesk In the statement made by the company, some of the transaction volumes in question wash trading allegedly possible.
Commenting on these sudden transaction volume increases, experts say that what is experienced is usually Bitcoin (BTC) And Ethereum (ETH) He noted that this is unusual for South Korean crypto exchanges, where trading is dominated by
In the last 2 weeks according to CoinGecko data 33% bullish XRP at the time of writing from $0.506 is being traded.