IP Tops Upbit in 24-Hour Spot Trading Volume, Ranks Sixth Globally in Derivatives Trading Volume

According to CoinGecko data, the IP/KRW trading pair on Upbit has led the Korean won market for the second consecutive day, accounting for 15.45% of the exchange's volume, with a 24-hour trading volume of $308 million. It is followed by XRP (12.97%, $259 million) and BTC (10.41%, $207 million). Additionally, Coinglass data shows that IP ranks sixth globally in 24-hour derivatives trading volume, with a total of $2.865 billion, second only to DOGE's $3.916 billion.

IP is currently trading at $4.038, with a maximum 24-hour increase of 40%. It briefly touched $4.198 in the early hours of the morning, reaching a new 60-day high.