XRP trading surges in South Korea, driven by investors shifting from stocks

South Korean individual investors in their 40s and 50s are actively buying XRP, leading to a sharp increase in trading volume, DL News reported. Citing data from CoinGecko, the report noted that 24-hour XRP trading volume surged 115% on the South Korean exchange Upbit and 81% on Bithumb. XRP now accounts for 18% of the total trading volume on the two platforms, making it the most traded asset. Ryan Yoon, a senior analyst at Tiger Research, said the surge is being driven by this demographic. He explained that these investors are returning to the crypto market after a recent stock market rally and are now focusing on XRP, with funds from the sale of overseas stocks flowing into digital assets.