The South Korean cryptocurrency market saw a major shift in the last 24 hours. XRP's trading volume on the two major exchanges of the country, Upbit and Bithumb, totaled approximately $348 million, surpassing that of Binance, the largest cryptocurrency exchange. This unusual development has caused a jump in the price of XRP, which rose by 9%.

The sudden rise of XRP can be attributed to the enthusiasm of South Korean retail investors, which sparked following the Aptos (APT) story in January. Investors saw an opportunity to benefit from the short-term price movements of XRP. Thus, during the current crypto market correction, XRP has managed to out-perform the other cryptocurrencies.

However, the duration of this XRP-led out-performance remains uncertain. The mini-rally in XRP prices could be the starting point of a large-scale price correction, or the cryptocurrency might continue to increase in value. To clarify the true nature of the anomaly, enough time is required to observe the changes in the market. For now, all we can do is wait and see how XRP fares in its new position as the most traded token in South Korea.



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