Trading volume, the total dollar value of assets changing hands on an exchange, hit a single-hour record at South Korea's Upbit on Saturday: the platform logged 1.15 trillion won, roughly $830 million, in sixty minutes, driven largely by XRP ($XRP) and TRUMP token. The surge capped a two-day run that marked Upbit's highest daily total since mid-March.
What moved and in what proportion
XRP claimed 32.20% of Upbit's 24-hour volume, ranking first among all assets on the exchange, according to Upbit Datalab. TRUMP held second at 10.93%. USDT, the dollar-pegged stablecoin, came in third at 8.39%, with Ethereum at 5.44% and Bitcoin at 5.40% rounding out the top five. Upbit's full-day tally reached approximately $3.81 billion. Rival exchange Bithumb posted $1.954 billion; Coinone recorded $172 million.
Saturday was not the start of this run. On August 21, Upbit's daily volume had already jumped 273% to roughly $1.84 billion. XRP led that session as well, contributing $418.9 million and finishing ahead of Bitcoin, USDT, and Ethereum. Bithumb's volume climbed 132.9% that same day, reaching about $934.9 million.
What is behind the numbers
XRP's outsized share has two cited catalysts. Ripple backed a major amendment to the XRP Ledger, the blockchain XRP runs on, and exchange-traded fund inflows into XRP products have been strong. Whether those factors support the price move is a separate question.
XRP traded near $1.44, up 2.1% in 24 hours and up nearly 50% over the past week. That week's gain survived a 37% intraday flash crash that briefly drove the token to $1.36 before it snapped back, liquidating hundreds of millions in leveraged positions.
TRUMP, a Solana-based token, traded near $2.34, up 26% in 24 hours and more than 66% on the week. Its all-time low of $1.37 came on August 13. Speculation around a Robinhood Chain launch has drawn renewed interest in the token, with Solana-based meme assets recovering broadly.
Both Upbit and Bithumb had already reported operating revenue declines of nearly 50% in the first half of 2026, a stretch when South Korean investors rotated toward domestic equities as the KOSPI climbed on AI-driven semiconductor demand. Saturday's hourly record does not erase that hole.