XRP has become the most popular asset in South Korea based on trade volume this year, according to data from crypto market intelligence provider Kaiko. XRP's trade volume on the four largest exchanges in South Korea has surged to an estimated $16 billion since the start of the year, which is more than three times the volume of Nano and Dogecoin, which respectively secure second and third positions. XRP overtook Bitcoin in trade volume on these exchanges last month, and its price rally was driven by demand from South Korean retail investors, according to a previous Kaiko report. Whales across numerous jurisdictions have also continued to accumulate XRP in anticipation of a favorable ruling in the Ripple vs. SEC case.

(By ZABI)