Retail traders in South Korea are shifting from XRP to Stellar (XLM), with XLM surpassing XRP in trading volume on the Upbit exchange. This shift is attributed to interest in Stellar's role in tokenized finance and recent news linking it to the DTCC. XLM has seen significant price gains, while XRP has struggled.
Retail traders in South Korea are shifting their investment from XRP to Stellar (XLM), leading to XLM surpassing XRP in trading volume on the Upbit exchange. XLM recorded approximately $252.3 million in 24-hour trading volume, more than double XRP's $125.7 million. This trend is driven by increased interest in Stellar's involvement in tokenized finance, particularly its connection to the DTCC. Consequently, XLM's price has surged over 55% to $11 in the past week, while XRP has fallen below $1.3. Historically, XRP has been a dominant cryptocurrency in Asian markets, but recent attention has rotated to XLM due to its market momentum. Some analysts believe XRP may follow XLM's rally, with one predicting a potential target of $56.
This shift in retail trader preference and trading volume between two major payment-focused cryptocurrencies highlights changing market sentiment and the impact of specific news and tokenization developments on altcoin performance.