Upbit Records 1.15 Trillion Won Hour as XRP and TRUMP Dominate Volume

Large forced liquidations during the spike suggest the burst was driven by leverage and may not signal a sustained market recovery.

Overview

Upbit processed about 1.15 trillion won, roughly $830 million, in a single hour on Saturday during a session that showed abrupt price wicks and fast trading.
XRP made up 32.20% of Upbit’s 24‑hour measured volume and TRUMP contributed 10.93%, showing the surge was led by altcoins rather than Bitcoin.
Derivatives liquidations totaled about $523 million in the volatile hour, with roughly $448 million of that coming from long positions that were force‑closed.
Upbit’s rolling 24‑hour turnover peaked near $3.818 billion while rival Bithumb and Coinone recorded roughly $1.954 billion and $172 million, and no verified Upbit technical fault has been reported.
The jump follows a large daily rebound on Aug. 21 and comes after months of weak South Korean exchange activity, so observers will watch whether volume falls back as liquidation‑driven trades exit the 24‑hour window.