XRP and Dogecoin (DOGE) have recently outperformed Bitcoin in trading volumes on South Korean exchanges, reflecting strong demand for these tokens. Over the past two weeks, XRP and DOGE have both surged more than 100% in price, influenced by favorable regulatory updates for XRP in the U.S. and renewed promotion of DOGE by Elon Musk. This trading frenzy has resulted in XRP and DOGE making up about 30% and 20% of the trading volumes on Upbit and Bithumb respectively. Despite concerns of potential wash trading, XRP is showing stability above $1, suggesting possible further gains ahead. Analysts note XRP's strong market performance, stating that while there may be short-term pullbacks, the overall trend remains bullish. DOGE has also gained traction with a recent political shift in the U.S. alongside Musk's involvement in future government initiatives. As South Korean investors spike in activity, there are signals of potential market overheating.

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