South Korea's Cryptocurrency Trading Volumes Soar, Overtaking Stock Market Activity

韓國加密貨幣交易量飆升，超過股市活動

South Korea's retail trading volumes for cryptocurrencies have surged to a remarkable $18 billion within 24 hours, eclipsing the nation's stock market by 22%. According to a December 2 report by 10x Research, this marked the second-highest trading day of the year for crypto in South Korea, driven by retail investors' interest in high-momentum altcoins.

韓國的加密貨幣零售交易量在 24 小時內飆升至驚人的 180 億美元，較該國股市上漲 22%。根據 10x Research 12 月 2 日的報告，這標誌著韓國加密貨幣今年第二高的交易日，受到散戶投資者對高勢頭山寨幣興趣的推動。

Ripple's XRP emerged as the star performer, recording over $6.3 billion in trading volumes. Other prominent tokens included Dogecoin (DOGE) at $1.6 billion, Stellar (XLM) at $1.3 billion, Ethereum Name Service (ENS) at $900 million, and Hedera (HBAR) at $800 million. The report highlights that these volumes reflect retail traders' propensity to capitalize on short-term momentum, amplifying trends and injecting fresh enthusiasm into the market.

Ripple 的 XRP 表現出色，交易量超過 63 億美元。其他著名代幣包括狗狗幣（DOGE），價值16 億美元，Stellar（XLM），價值13 億美元，以太坊名稱服務（ENS），價值9 億美元，以及Hedera（HBAR），價值8 億美元。報告強調，這些交易量反映了零售交易者傾向於利用短期勢頭、放大趨勢並為市場注入新的熱情。

Altcoins Dominate Market

山寨幣主導市場

These altcoins, often referred to as "dino coins" by crypto enthusiasts, have delivered remarkable returns in recent weeks. XRP has soared by 90%, ENS by 73%, and HBAR by a staggering 168%, outperforming broader market trends.

這些山寨幣通常被加密貨幣愛好者稱為“恐龍幣”，最近幾週帶來了可觀的回報。 XRP 飆升了 90%，ENS 飆升了 73%，HBAR 飆升了 168%，跑贏了更廣泛的市場趨勢。

XRP Rally Redefines Market Rankings

XRP 反彈重新定義市場排名

Ripple's XRP is at the forefront of South Korea's crypto frenzy, setting a new yearly high of $2.80 on December 2. This impressive performance has propelled XRP to surpass Solana (SOL) and Tether (USDT) in market capitalization, making it the third-largest cryptocurrency globally. According to TradingView data, XRP's price has climbed from $0.50 in early November, reflecting an extraordinary rally over just one month.

Ripple 的XRP 處於韓國加密貨幣狂潮的最前沿，於12 月2 日創下了2.80 美元的年度新高。第三大加密貨幣全球加密貨幣。根據 TradingView 的數據，XRP 的價格從 11 月初的 0.50 美元開始攀升，反映出短短一個月內的非凡上漲。

Strategic Discipline in Altcoin Market

山寨幣市場的戰略紀律

Markus Thielen, the report's author, attributes the surge to altseason dynamics—a market phase characterized by significant interest and trading activity in alternative cryptocurrencies, overshadowing Bitcoin. Thielen observed that Bitcoin's funding rate, a metric often linked to perpetual futures activity, was "relatively mild" at 15% annualized, further signaling the shifting focus toward altcoins. "This divergence between subdued Bitcoin activity and skyrocketing altcoin trading volumes underscores the importance of strategic discipline in navigating the altcoin market," Thielen noted.

該報告的作者馬庫斯·蒂倫（Markus Thielen）將這一激增歸因於山寨季動態——這一市場階段的特點是對替代加密貨幣的濃厚興趣和交易活動，使比特幣黯然失色。 Thielen 觀察到，比特幣的融資利率（通常與永續期貨活動相關的指標）“相對溫和”，年化率為 15%，進一步表明人們的注意力正在轉向山寨幣。蒂倫指出：“比特幣活動低迷與山寨幣交易量飆升之間的這種差異凸顯了戰略紀律在駕馭山寨幣市場方面的重要性。”

Market Implications of High Trading Volumes

高交易量的市場影響

The surge in crypto activity reflects a growing appetite among South Korean retail investors for altcoins, particularly those with high volatility and potential for rapid gains. However, experts caution against over-leveraging during such momentum-driven phases, urging traders to remain cautious.

加密貨幣活動的激增反映出韓國散戶投資者對山寨幣的興趣日益濃厚，尤其是那些波動性高且有快速上漲潛力的山寨幣。然而，專家警告不要在這種勢頭驅動的階段過度槓桿化，敦促交易者保持謹慎。

As South Korea continues to lead in retail crypto engagement, the market dynamics are likely to fuel discussions about regulation and innovation within the country's burgeoning cryptocurrency landscape. For now, the spotlight remains firmly on altcoins, with traders riding the wave of an explosive altseason.

隨著韓國在零售加密貨幣參與方面繼續處於領先地位，市場動態可能會引發有關該國蓬勃發展的加密貨幣領域的監管和創新的討論。目前，人們的注意力仍集中在山寨幣上，交易員們正乘著山寨幣爆炸性季節的浪潮。