South Korean retail traders were frenzying over “high momentum” tokens including XRP, DOGE, ENS, and HBAR on Dec. 2 trading.
Retail trading volumes for crypto assets in South Korea surged to $18 billion in the last 24 hours, outperforming the country’s entire stock market by 22%, according to a new report from 10x Research.
In a Dec. 2 research report, 10x Research founder Markus Thielen said that retail crypto trading volumes had reached their second-highest level of the year on Dec. 2, with South Korean traders frenzying over a series of “high momentum” altcoins.
According to the report, Ripple’s XRP token (XRP) witnessed over $6.3 billion in volume on the day in South Korea, Dogecoin (DOGE) came in second at $1.6 billion, followed by Stellar (XLM) at $1.3 billion, Ethereum Name Service (ENS) at $900 million and Hedera (HBAR) at $800 million.
