**Unprecedented Surge in Trading Volumes of 5 Altcoins in South Korea**
A remarkable spike in trading activity has been recorded for several altcoins on Upbit, the leading cryptocurrency exchange in South Korea.
Among the most striking increases, STP (STPT) displayed an extraordinary surge on the 1-hour chart, with Upbit noting a leap in trading volume from an average of approximately $1.5 million to a staggering $13 million. This represents an astonishing rise of 841.65%. Conversely, Binance showcased a more conservative uptick for STP, with volumes climbing from about $1.6 million to $2 million, reflecting a modest increase of 21.35%.
Loom Network (LOOM) also saw its trading volumes soar on the 4-hour chart. Upbit recorded a jump from an average of $15 million to $31 million, marking an increase of 101.54%. On the other hand, Binance reported a steadier volume for LOOM, hovering around $6 million with a slight rise of 11.08%.
Theta Network (THETA) experienced a notable surge on Upbit’s 1-hour chart, with trading volumes escalating from $29,000 to $103,000, an increase of 260.23%. In stark contrast, Binance observed a sharp decline in THETA’s trading volumes, which plummeted by 84.48% from $189,000 to $29,000.
In addition, Blur (BLUR) exhibited a significant rise in trading volumes on its 1-hour chart on Upbit, climbing from $1 million to $3 million—a notable increase of 175.23%. Meanwhile, Binance witnessed a 25.30% drop in BLUR trading volumes, decreasing from $955,000 to $713,000.
Moreover, aelf (ELF) showed considerable trading activity on the 4-hour chart on Upbit, with volumes surging from $5 million to $18 million, reflecting a remarkable jump of 288.63%. In contrast, Binance reported a more moderate increase for ELF, with volumes rising from $3 million to $4 million, an increase of 31.20%.
*Please note that this is not investment advice. To explore over 300 cryptocurrencies, you can register with Binance exchange and enjoy a 20% COMMISSION DISCOUNT through this link!*
Stay updated by following our Telegram and Twitter accounts for exclusive news, insights, and on-chain data!
