Upbit volume hits 1.15T won

• Upbit processed about ₩1.15 trillion, or $830 million, in one hour during a crypto market sell-off.
• The exchange’s 24-hour volume reached about $3.82 billion during the volatility.
• XRP led trading activity, while $523 million in crypto positions were liquidated within one hour.

South Korean crypto exchange Upbit processed about ₩1.15 trillion, or $830 million, in one hour.

The volume spike came around 05:00 UTC on 22 August as major crypto prices dropped sharply before recovering.

Upbit’s 24-hour trading volume reached about $3.82 billion during the market volatility.

XRP (CRYPTO:XRP) accounted for 32.20% of Upbit’s measured volume, followed by TRUMP at 10.93%.

Bitcoin (CRYPTO:BTC) and Ether (CRYPTO:ETH) accounted for 5.40% and 5.44% of the exchange’s volume.

CoinGlass data showed about $523 million in crypto positions were liquidated within one hour, including $448 million in long positions.

The spike followed a 54.6% fall in trading across South Korea’s five won-based exchanges during the first half of 2026.

At the time of reporting, XRP price was $1.48.