Upbit Sees Surge in PUNDIX, XRP, STPT Trading Volumes
- PUNDIX, XRP, and STPT top Upbit trading volumes May 2025.
- No immediate leadership commentary available.
- Funds shifting from BTC/ETH pairs to selected altcoins.
Pundi X (PUNDIX), XRP, and STP Network (STPT) have topped Upbit’s 24-hour trading volumes in early May 2025, highlighting renewed interest in these tokens.
XRP, PUNDIX, and STPT leading Upbit’s trading volumes captures growing market interest in these altcoins, influencing liquidity dynamics.
Pundi X (PUNDIX), XRP, and STPT Network (STPT)
Pundi X (PUNDIX), XRP, and STPT Network (STPT) have emerged as the top three tokens by trading volume on Upbit in early May 2025. This surge, led by XRP’s $239 million, reflects heightened trading enthusiasm. According to Upbit, XRP has seen significant activity:
“XRP Takes the Lead! Trading Volume Soars on Upbit, Ripple Leads the Cryptocurrency Trend!”
Upbit data reveals XRP commanded over 10.3% of total trading activity. Meanwhile, PUNDIX and STPT accounted for 9.86% and approximately 8%, respectively. There are no public statements from the project leaders reflecting this milestone.
The shift in trading volume has sparked interest in these altcoins. XRP’s performance, along with PUNDIX and STPT, temporarily outpaced the trading activity of Bitcoin and Ethereum.
This trading event has not resulted in significant structural market changes. Neither the founding teams nor any institutional entities have announced coordinated actions following this surge, maintaining normalcy in regulatory compliance.
Investors, particularly in South Korea, are showing a distinct shift in liquidity preferences. The recent trading spike echoes past speculative cycles suggesting short-term trading patterns.
The absence of immediate statements from crypto leaders and regulatory bodies keeps the focus on retail investors’ enthusiasm. Historical patterns indicate that such volume spikes may lead to price volatility and market segmentation.
