$830 Million in an Hour: XRP and TRUMP Drive New Record in South Korea

South Korea’s Upbit exchange recorded an hourly trading volume of roughly 1.15 trillion won (about $830 million) on Saturday, marking a new single‑hour record. The surge was driven primarily by XRP and the token TRUMP.

Record Hourly Volume Details

Within the 24‑hour window surrounding the spike, XRP accounted for 32.20% of Upbit’s total trading volume, making it the top‑traded asset. TRUMP ranked second with 10.93% of the volume. USDT, Ethereum and Bitcoin completed the top five, contributing 8.39%, 5.44% and 5.40% respectively.

Broader Exchange Activity

Upbit’s 24‑hour total volume reached approximately $3.81 billion. Rival Korean exchanges reported lower figures: Bithumb at $1.954 billion and Coinone at $172 million.

Recent Volume Rebound

On August 21, Upbit’s daily volume jumped 273% to about $1.84 billion, the highest daily total since mid‑March. Bithumb also saw a 132.9% increase, reaching roughly $934.9 million.

Asset Price Movements

• XRP traded near $1.44, up 2.1% over 24 hours and nearly 50% over the past week.
• TRUMP traded near $2.34, up 26% in 24 hours and more than 66% over the past week.

Context

The rebound follows months of weaker activity as South Korean investors shifted toward domestic equities and semiconductor stocks. Both Upbit and Bithumb reported nearly 50% declines in operating revenue for the first half of 2026.