SHIB leads Korean crypto interest index; XRP takes 14.82% of trading

SHIB led the Korean crypto interest index with 86.1 points, while WLD showed the strongest concentration of trading in Korea relative to overseas markets. All ten highest-scoring tokens posted losses over the past seven days.

WLD’s share of Korean trading was 21.3 times its overseas share, the widest gap among the 59 tokens covered. ONDO and SHIB also showed substantial domestic concentration, even as weekly returns remained negative across the index’s leading tokens.

As of November 13, SHIB ranked first with 86.1 points and accounted for 0.62% of Korean trading.

XRP ranked second with 84.5 points, followed by NEAR with 83.8. Their domestic trading shares were 14.82% and 2.25%, respectively. Domestic trading volume over 24 hours totaled 10.43 billion won for SHIB, 249.47 billion won for XRP and 37.85 billion won for NEAR.

The ten highest-scoring tokens accounted for 26.42% of domestic trading across the 59 tokens traded on both Korean and overseas exchanges.

WLD had a domestic trading share of 1.83%, compared with 0.09% overseas, putting its domestic share at 21.3 times its overseas share. ONDO followed at 21.2 times, SHIB at 18.7 times and XRP at 11.5 times.

Other tokens attracted proportionately more trading overseas. BNB accounted for 0.66% of overseas trading but 0.04% domestically. USDG had shares of 0.38% overseas and 0.06% domestically, XAUT 0.20% and 0.03%, and GRAM 0.07% and 0.02%.

JST recorded the largest increase in trading activity relative to its usual level, with its price up 0.3% over 24 hours. SHIB and BNB also saw increased trading activity. PUMP and LIT recorded weaker activity.

SHIB had the highest kimchi premium—the price difference between Korean and overseas markets—at 0.44%. XLM followed at 0.26% and INJ at 0.25%. GRAM traded at a 1.38% discount in Korea, while HYPE and VVV recorded discounts of 0.85% and 0.83%, respectively.

[Editor’s note] This column examines Korean crypto trading through an interest index covering tokens traded on both Korean and overseas exchanges. The index combines domestic and global trading shares, the kimchi premium and changes in trading activity. It centers on actual trading value. Domestic share measures a token’s portion of Korean exchange trading, while global share measures its portion of overseas trading. Comparing those shares shows how strongly trading is concentrated in Korea.