Retail investors in South Korea are focusing on XRP and DOGE, surpassing BTC and ETH in trading volumes. DOGE accounts for 10.23% and XRP for 9.49% of Upbit’s volume, highlighting a renewed interest in high-volatility tokens.
The $1 billion short squeeze and whale activity are boosting values in South Korea’s crypto market. XRP recently reached a seven-week high, spurred by speculation of BlackRock’s potential ETF application.
The upcoming South Korean presidential election will focus on crypto ETFs, with candidates proposing reforms to enhance the digital currency landscape. The reduction in tariffs between the US and Asia may also positively influence trading sentiment.
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