South Korea’s Upbit recorded 1.15 trillion won, approximately $830 million, in trading volume within a single hour on Saturday, driven primarily by activity in XRP and TRUMP. The spike extends a market rebound that began the previous day, during which Upbit’s daily volume jumped 273% to roughly $1.84 billion, marking its highest daily level since mid-March.
According to Upbit Datalab, XRP led trading volume over a 24-hour period by a wide margin, accounting for 32.20% of the total. TRUMP ranked second with 10.93%, followed by USDT at 8.39%. Ethereum and Bitcoin rounded out the top five with 5.44% and 5.40%, respectively. Upbit's total 24-hour trading volume reached approximately $3.81 billion, while rival domestic exchanges Bithumb and Coinone recorded $1.954 billion and $172 million, respectively.
The weekend volume spike follows months of weaker trading activity on South Korean exchanges. During that prior period, investors favored domestic equities as the KOSPI climbed to record highs driven by AI-related semiconductor demand, leading Upbit and Bithumb to report operating revenue declines of nearly 50% in the first half of 2026. A prior session on August 21 also saw Bithumb volume climb 132.9% to about $934.9 million.
Amid the recent market activity, XRP traded near $1.44, up 2.1% over a 24-hour period and nearly 50% over the past week. The token's movement followed Ripple’s backing of a major XRP Ledger amendment and strong ETF inflows, though it also experienced a 37% flash crash that briefly pushed the price down to $1.36 and liquidated hundreds of millions in leveraged positions before recovering. Meanwhile, TRUMP traded near $2.34, marking a 26% gain in 24 hours and a greater than 66% increase over the week, following speculation around a Robinhood Chain launch and a broader recovery in Solana-based meme assets.
