u.today
$XRP has officially overtaken the biggest stablecoin USDT by Tether in market capitalization, according to data provided by CoinMarketCap. As of today, $XRP is in third place worldwide, with a market cap over $153 billion, just ahead of Tether's $150 billion.
This shift is seen as a sign of increased trading volume across major South Korean exchanges, with a combined $XRP/KRW volume of over $1.2 billion in the past 24 hours.
Upbit and Bithumb are the main ones. $XRP/KRW made up 18.34% of the trading volume on the former and 18.02% on the latter. The pair is leading both platforms by volume share, pushing $XRP ahead in liquidity and market attention.
Right now, $XRP is trading at around $2.62-$2.63, and there is a clear upward trend on the four-hour chart.
Meanwhile, Solana (SOL) has overtaken Binance Coin ($BNB), grabbing fifth place in the overall market cap rankings. Solana's market value is now around $93.9 billion, compared to $BNB's $92.5 billion.
Both assets have shown positive weekly performance, but Solana's recent strength - backed by consistent daily gains - was enough to knock $BNB off the leaderboard.
These changes are happening at the same time as the crypto market is becoming more volatile. Bitcoin is still in first place at over $103,000, and Ethereum is in second place with strong weekly growth of more than 42%.
As things stand, it looks like $XRP's rise is mostly due to high demand on the Korean market, where fiat on-ramps and local interest in altcoins are clearly impacting trading flows.