This trend was further amplified on Monday, when the Korean encryption market began to experience a significant return of funds on weekends. Multiple transaction data show that XRP has become one of the most concentrated assets in local Korean transactions, with more active transactions on major platforms such as Upbit than bitcoin, Ether and USDT.
Concentration of transactions to XRP
The report mentions that the Korean diaspora had previously invested funds in local stock markets, with a focus on the purchase of scientific and technological units such as Tristar Electronics and SK Hercules. As the encryption market warms around the weekends, some of the funds begin to be transferred back from stocks to digital asset trading platforms.
This turn-back led to a rapid expansion of the turnover of the Korean exchange. Last Friday, the Upbit single-day deal rose to $1.8 billion, an increase of about 250 per cent over the previous period; the Bithumb deal increased by about 132 per cent over the same period. In the process of re-flowing, the XRP quickly rose to the top of the trading list, attracting a peak of over $418 million in retail inflows.
Price rises to about $1.51
The XRP price is clearly stronger while the deal is scaled up. According to reports, the XRP station at one point was US$ 1.51, equivalent to approximately 2073 won, which broke down the lower road where prices had been continuously suppressed since last July.
In terms of local market structure, the heat of Korean transactions has not significantly pushed up the Seoul market ' s premium against the global market. The so-called pickle premium remains in the negative range of about -0.5 per cent, suggesting that the Korean local offer remains largely close to the global market.
Korea's capital is a short-term drive.
In this context, South Korea ' s trade volume is seen as one of the important forces driving the global price upswing of the XRP. In other words, while local transactions are highly concentrated, prices are not clearly out of line with international markets, and are more reflected in the marginal drivers of South Korean capital in global liquidity.
However, the sustainability of this surge will depend on the continued intensity of current transactions following the follow-up by the Korean diaspora. The report mentions that, after the outflow of funds early this year, the Korean exchange once nearly halved its revenues, with a clear reversal in market activity.
If the current flow of money from the stock market to the encrypted market continues, the XRP trade heat may remain high; if the wheel slows, the current highly concentrated transaction structure may cool down.