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Latest data shows that against the backdrop of a generally sluggish global Crypto Assets market, South Korea's leading digital asset trading platform Upbit is rising against the trend. According to statistics from CoinGecko, Upbit's volume in the past 24 hours reached an astonishing $6.45 billion, a rise of 35.4% compared to the previous period. This data not only reflects the activity level of the South Korean Crypto Assets market but also highlights Upbit's important position in the regional market.
Further analyzing the trading data, we can see a significant change in investor preferences. On the Upbit platform, the top five Crypto Assets by volume are XRP, STRIKE, DOGE, SOL, and PENGU. Among them, XRP ranks first with a volume share of 12.72%, with a transaction amount reaching 820 million USD. Following closely is STRIKE, with a volume share of 11.98% and a transaction amount of 773 million USD.
Interestingly, the former "King of Meme Coins" DOGE still maintains considerable appeal, ranking third with a 7.93% volume share and a transaction amount of $511 million. Meanwhile, the highly anticipated public chain project Solana (SOL) also performed well, with a volume share of 6.66% and a transaction amount of $429 million.
These data not only reflect the current hotspots in the Crypto Assets market but also provide us with insights into investor sentiment and market trends. Although the overall market is still in a correction period, trading platforms like Upbit experiencing a surge in volume may indicate that the market is brewing new changes.
However, we should also remain cautious. Short-term fluctuations in volume do not necessarily indicate a change in the long-term trend. Investors need to consider market risks comprehensively and carefully assess various factors when making decisions.