Altcoin Volumes Skyrocket on South Korea's Upbit and Bithumb, Led by Axis Robotics
Key Takeaways
- •Upbit and Bithumb, South Korea's two largest cryptocurrency exchanges, posted unusually high altcoin trading volumes in the past 24 hours, with some low-capitalization tokens exceeding Bitcoin and Ethereum in activity.
- •Axis Robotics ($AXIS) led the combined 24-hour volume rankings at approximately $257.06 million, ahead of Irys ($IRYS) at $177.83 million and Threshold Network (T) at $144.47 million.
- •Of Axis Robotics' 24-hour turnover, about $196.28 million was traded on Upbit and roughly $60.78 million on Bithumb, showing substantial activity on both venues.
- •Other prominent tokens in the rankings included Babylon (BABY) at $109.84 million, Orderly (ORDER) at $77.57 million, Blast (BLAST) at $71.67 million, and XRP at $67.78 million.
- •Because these figures are 24-hour snapshots rather than cumulative totals, rankings can change quickly, and whether tokens like $AXIS, $IRYS, and T remain near the top in subsequent sessions is a key point to track.
South Korea's two largest cryptocurrency exchanges, Upbit and Bithumb, have recorded exceptionally high trading volumes for a range of altcoins over the past 24 hours. Notably, several tokens with relatively low market capitalizations outpaced major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) in trading activity. The pattern fits South Korea's standing as one of the world's most active retail crypto markets: industry data firms have periodically ranked the South Korean won among the most-traded fiat currencies against digital assets — at times ahead of the US dollar — which is why sudden volume shifts on local venues tend to draw attention from global market watchers.
Combining the volumes reported by the two exchanges, Axis Robotics ($AXIS) topped the rankings with approximately $257 million in turnover.AXIS was followed by Irys ($IRYS) at $177.83 million and Threshold Network (T) at $144.47 million. For relatively low-capitalization tokens, turnover at this scale is significant because it represents a large share of the tokens' circulating value, which is a key reason single-day volume rankings from Korean exchanges attract outsized attention.
Roughly $196.28 million of $AXIS's 24-hour volume came from Upbit, with about $60.78 million contributed by Bithumb — a split indicating that trading in the token was heavy on both South Korean platforms.
Combined 24-Hour Volume Rankings
Based on the latest 24-hour data aggregated from Upbit and Bithumb, the altcoins with the highest trading volumes ranked as follows:
- Axis Robotics ($AXIS) – $257.06 million
- Irys ($IRYS) – $177.83 million
- Threshold Network (T) – $144.47 million
- Babylon (BABY) – $109.84 million
- Orderly (ORDER) – $77.57 million
- Blast (BLAST) – $71.67 million
- XRP ($XRP) – $67.78 million
- Sophon (SOPH) – $62.18 million
- Cap (CAP) – $48.53 million
- Capybobo (PYBOBO) – $41.66 million
- Moonbirds (BIRB) – $37.69 million
- Gitcoin (GTC) – $34.64 million
- Bubblemaps (BMT) – $33.91 million
- Steem (STEEM) – $26.73 million
- Worldcoin (WLD) – $20.28 million
These figures are 24-hour snapshots rather than cumulative totals, so rankings can shift quickly as trading sessions turn over, and elevated turnover on its own does not signal a durable trend in either direction. One practical angle to track from here is whether tokens such as $AXIS, $IRYS, and Threshold Network (T) stay near the top of Upbit and Bithumb's volume tables across subsequent 24-hour windows.
*This is not investment advice.
Source: CryptoNewsNet
