Analysis: South Korea's retail crypto market daily trading volume reached the second highest point of the year, with XRP leading with $6.3 billion in trading volume

10x Research noted in its market analysis that there has been a significant shift in trading activity since Trump’s election. With seven weeks to go until his inauguration, early appointments have already signaled a crypto-friendly U.S. government. This trend is expected to continue and could expand trading opportunities. Other governments, especially South Korea’s, have also taken a more favorable stance toward cryptocurrencies. With the U.S. leading the way in developing cryptocurrency regulation (or deregulation), a global crypto-friendly wave is expected to follow. The alpha generation of small-cap crypto tokens is likely to continue. In the past 24 hours, retail-dominated trading volumes in South Korea’s cryptocurrency market rose to $18 billion, the second-highest level this year, surpassing the local stock market’s $14 billion in trading volume. XRP led the way with $6.3 billion in trading volume, followed by DOGE ($1.6 billion), XLM ($1.3 billion), ENS ($900 million), HBAR ($800 million), and SHIB ($600 million). These cryptocurrencies with strong momentum are mainly driven by retail traders.