South Korean investors are flooding into XRP and Dogecoin as easing US-China trade tensions create renewed appetite for risk assets. The market shift comes alongside landmark regulatory changes poised to transform Asia’s fourth-largest economy into a crypto powerhouse.
XRP’s Regulatory Clarity Advantage
XRP trading volumes surged 189% on Upbit last week, outpacing Bitcoin’s 45% gain. Analysts attribute this to Ripple’s recent partnership with South Korean cross-border payment provider Sentbe, detailed in this week’s market report. The token’s utility in international settlements aligns perfectly with South Korea’s $1.2 trillion export economy.
Financial Services Commission (FSC) data shows XRP now accounts for 23% of all crypto holdings in corporate treasury accounts. This follows April’s regulatory greenlight for institutions to hold digital assets through real-name verified accounts.
Dogecoin’s Retail Frenzy
The meme coin captured 17% of Upbit’s Q1 2025 trading volume despite its 34% overall market decline. Young investors (18-35) now make up 61% of DOGE holders, per Korea Blockchain Association surveys. This demographic appears undeterred by the asset’s 82% volatility rating.
Key Dogecoin metrics:
- Average daily transactions: 1.2 million
- Wallet addresses with 10,000+ DOGE: 84,000
- Social media mentions/week: 2.4 million
Institutional Floodgates Prepare to Open
The FSC’s Q3 2025 institutional trading framework has sparked a corporate arms race:
Company | Investment | Focus Area |
---|---|---|
Samsung | $300M | Blockchain R&D |
Kakao | $170M | Wallet Infrastructure |
Naver | $90M | Exchange Security |
These developments follow February’s authorization of crypto donations for universities and charities. Seoul National University recently converted 18% of its endowment into digital assets.
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Market Impact: Upbit’s XRP/KRW pair now commands 39% of global XRP liquidity. Analysts predict the institutional wave could push South Korea’s crypto market cap past $400 billion by 2026 – equivalent to 20% of national GDP.