South Korea’s largest cryptocurrency Exchange Upbit has recently experienced unusual increases in trading volumes for several altcoins.
- Cosmos (ATOM) It saw a significant increase in trading volume on the 1-hour chart. While the average last 50 1-hour volume on Upbit was $7,000, the last recorded volume increased by 702.34% to $53,000. In Binance, while the 1-hour average 50 volume was 38 thousand, the last recorded volume of 46 thousand indicated an increase of 22.84%.
- MultiversX (EGLD) also experienced an unusual increase in volume on its 1-hour chart. While the 1-hour average volume of 50 on Upbit was 732 dollars, it increased by 284.84% to 3 thousand in the last hour. On Binance, the average and last recorded volumes were both around $4k.
- Zilliqa (ZIL) On its 4-hour chart, it increased its average trading volume from $32 million on Upbit to an impressive 92 million, an increase of approximately 187.74%. While the average volume on Binance was around 29 million dollars, the last transaction volume was recorded as 34 million, a slight increase of approximately 14.26%.
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- Tezos (XTZ), The average transaction volume on Upbit increased from 26 thousand dollars to 135 thousand in the last hour, an increase of approximately 411.52%. On Binance, the average and last recorded volumes were around 80 thousand and 94 thousand respectively, indicating a modest increase of approximately 17.85%.
- The Graph (GRT) also experienced an unusual increase in trading volume on Upbit in the last four hours. While the average transaction volume was around 953 thousand dollars before, it increased to one million dollars, an increase of approximately 52.96%. However, the average trading volume on Binance dropped from approximately five million dollars to three million, recording a decrease of approximately -23.66%.
*This is not investment advice.
Source: Bitcoinsistemi.com