Unusual Trading Volume Surges in 5 Altcoins on South Korea’s Biggest Crypto Exchange
There has been a notable increase in trading volumes for five altcoins on Upbit, South Korea’s largest cryptocurrency exchange. These changes in trading activity have been observed across different time zones and have shown significant differences compared to global exchange Binance.
Tezos (XTZ) experienced a sharp rise in trading volume on Upbit’s 1-hour chart, reaching $47,000, which is a 214.7% increase from the 50-period average of $15,000. In contrast, Binance reported a decline in XTZ trading activity, with volume dropping 73.35% to $40,000 compared to the average of $151,000.
Jupiter (JUP) also saw a significant increase in volume on Upbit’s 4-hour chart. The recorded volume of $4 million represented a 119.54% jump from the 50-period average of $2 million. Binance, on the other hand, experienced a more modest 14.68% increase, with volume rising from the average of $6 million to $7 million.
Ankr (ANKR) witnessed a dramatic surge in 1-hour trading volume on Upbit, skyrocketing from an average of nearly $2 million to $13 million, marking an 874.18% increase. Meanwhile, on Binance, 1-hour volume increased by 10.86%, from an average of $3 million to $4 million.
Kava (KAVA) also experienced significant movement on Upbit’s 4-hour chart, with volume increasing by 83.41% from an average of around $1.5 million to $3 million. On Binance, trading volume for KAVA increased by 45.09% to $2 million during the same period.
Lastly, Hive (HIVE) saw a 191.83% increase in 1-hour trading volume on Upbit, rising from an average of $86,000 to $250,000. However, Binance reported a 15.22% decrease, with the last recorded volume remaining at $96,000 compared to the average of $113,000.
Note: This article does not provide investment advice.
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