South Korea just had a crypto trading extravaganza, and it was all about XRP leading the charge! Imagine waking up to find $34.6 billion moving through the crypto market in just 24 hours, with XRP strutting its stuff and turning heads.
On December 3, South Korea was buzzing with activity, and it wasn't just any ordinary day—it was as if someone had hit the turbo button on crypto trading. The market was on fire, registering the highest trading volumes of the year. Upbit, the big boss of South Korean crypto exchanges, alone saw a jaw-dropping $28 billion in trading action.
What’s even more intriguing? Ripple’s XRP was the star of the show, pulling in a whopping $800 million on Upbit. Talk about stealing the spotlight! It's been riding a wave of success, hitting price levels not seen in almost seven years. Just last month, it surged by a mind-blowing 420%, dancing above the $2.80 mark.
But it wasn’t all smooth sailing. The excitement coincided with a dramatic twist: South Korean President Yoon Seok-yeol declared martial law, sending shockwaves through the market. This surprising announcement triggered a whirlwind of trading, with major coins experiencing wild price swings. Bitcoin, for instance, momentarily nosedived, in a flash crash before bouncing back as quickly as it fell.
The drama subsided as President Yoon lifted the martial law early on December 4. It was a rollercoaster day for the crypto world in South Korea, proving once again that in the land of digital currencies, anything can happen. Keep your eyes peeled for the next chapter in this thrilling saga!
