Woofun AI reports that Upbit recorded a 244.8% increase in 24-hour trading volume, totaling $1.706 billion. The XRP/KRW pair dominated activity with a 24.49% share, while BTC, USDT, ETH, and ONG rounded out the top five pairs.

This crypto surge coincides with South Korean retail investors allocating $4.5 billion to US stocks earlier in the month, including $840 million in SK Hynix ADRs. Risk appetite remains high, with leveraged products like SOXL among the most purchased assets in July.