IP is booming on Korean exchanges: Upbit's daily trading volume reaches $300 million, with a 24-hour increase of 40%, hitting a new high

2026-01-14 05:34:10

【Chain Wen】IP has been trending in South Korea these days. The IP/KRW trading pair on Upbit has ranked number one in the Korean won trading market for two consecutive days, with a share as high as 15.45%. The 24-hour trading volume soared to $308 million — this level of popularity is indeed extraordinary.

Following behind are XRP and BTC, which are also strong, accounting for 12.97% and 10.41% respectively, with trading volumes of $259 million and $207 million, but they still couldn’t surpass IP’s momentum.

The same situation applies to the global derivatives market. According to data, IP’s 24-hour derivatives trading volume ranks sixth, with a total of $2.865 billion. Although not as exaggerated as DOGE’s $3.916 billion, this scale is already quite significant.

The price side is also going crazy. IP is currently priced at $4.038, with a maximum 24-hour increase of 40%. Early this morning, it even surged to $4.198, hitting a nearly 60-day high. This wave of market movement is truly fierce.

IP-12,16%

XRP2,86%

BTC4,27%

DOGE4,62%

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HashBandit

· 11h ago

ngl this IP pump feels exactly like my mining days when everyone lost their minds over the next "big thing"... 28.65B in derivatives? that's insane liquidity but also screaming bubble to me 🤔 remember when we thought hashrate gains meant something lol

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SchrödingersNode

· 11h ago

Damn, is this IP about to take off? Are Koreans crazy? 300 million in transaction volume directly surpassing BTC... The current hype around this IP feels like the night before a dump; it's rising too fast, making me a bit nervous. With this kind of increase, it seems like a classic case of harvesting profits... Wait, why is this IP suddenly so popular? Is there some good news behind it or is it just pure hype? Derivatives worth 2.8 billion, that's quite a large scale, but I still don't dare to chase...

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StakeOrRegret

· 11h ago

Are Koreans crazy? How did the IP suddenly explode? It doesn't seem very hot. --- A 40% increase straight to the max, is it really that outrageous... I should have bought in yesterday. --- Wait, a trading volume of 300 million dollars? Is this data real? Could it be that the whales are dumping? --- Another coin that was pumped up by the Korean market, it's really hard to say how it will go from here. --- Both XRP and BTC have been pushed down, how crazy is that... Honestly, I'm a bit scared. --- Is it really wise to buy IP now? Feels a bit late.

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