According to reports citing Thailand’s financial regulator and local market data, XRP posted the strongest year-on-year return among major assets in the country.

The cryptocurrency recorded about 390% gains compared with the same period last year, and it has held the top spot for nine consecutive months, based on the figures released.

Trading activity was heavy in August, with roughly 299 billion baht of crypto trades recorded — about $8 billion — and some 230,000 active accounts touching the market.

XRP Tops Local Returns

Market breakdowns show that retail traders made up a large share of the volume. Retail investors accounted for about 40% of August trading activity, while the rest came from institutions, foreign accounts and corporate entities.

The data, which has been repeated

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