XRP Surges to $50+ in South Korea, Overtakes Bitcoin in Hype!
In an unbelievable turn, XRP is trading at $50.17 USD on Korean exchanges like Upbit — a massive premium compared to its global price below $1!
This dramatic price gap is caused by the famous “Kimchi Premium” — a unique market effect in South Korea where crypto trades at significantly higher prices due to capital controls, limited arbitrage, and high local demand.
What’s more shocking? XRP has overtaken Bitcoin in trading volume in South Korea, fueled by strong retail interest and wild speculation.
While it may seem like a golden opportunity, strict regulations make it nearly impossible to profit from the price difference unless you’re already in the Korean market.
Moral of the story? In crypto, price is not always global — and hype knows no borders.