Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Unusual Trading Volume Booms in 5 Altcoins in South Korea

Unusual Trading Volume Booms in 5 Altcoins in South Korea

BitcoinsistemiBitcoinsistemi2024/08/04 12:30
By:Mete Demiralp

There was a significant increase in the transaction volumes of some altcoins on Upbit, South Korea's largest cryptocurrency exchange.

In recent market activity, significant anomalies were observed in the trading volumes of some altcoins on Upbit, South Korea's largest cryptocurrency exchange.

One of the most notable increases was seen in STP (STPT) on the 1-hour chart. Upbit recorded a phenomenal increase in trading volume on this altcoin, jumping from an average of around $1.5 million to $13 million, marking an increase of 841.65%. In contrast, Binance showed a more modest increase for STP, with volumes increasing from approximately $1.6 million to $2 million, representing a change of 21.35%.

Loom Network (LOOM) also experienced significant trading volume increases on the 4-hour chart. Upbit's volumes for LOOM jumped from an average of $15 million to $31 million, an increase of 101.54%. Meanwhile, Binance reported a more stable volume change for LOOM, remaining around $6 million with a slight increase of 11.08%.

Theta Network (THETA) saw a dramatic increase on Upbit's 1-hour chart, with trading volumes rising from $29K to $103K, an increase of 260.23%. In contrast, Binance recorded a significant decline in THETA's trading volumes, falling by 84.48% from $189,000 to $29,000.

Related News BlackRock Executive Makes September FED Rate Forecast, Says August 22-24 is Critical

Blur (BLUR) showed a significant increase in trading volumes on its 1-hour chart on Upbit, rising from $1 million to $3 million, representing an increase of 175.23%. However, Binance experienced a 25.30% decrease in BLUR trading volumes from $955 thousand to $713 thousand.

Additionally, aelf (ELF) showed significant trading activity on the 4-hour chart on Upbit, with volumes rising from $5 million to $18 million, recording a jump of 288.63%. In contrast, Binance saw a more moderate increase for ELF, with volumes increasing from $3 million to $4 million, an increase of 31.20%.

*This is not investment advice.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

El Salvador Announces New Bitcoin Step Despite IMF Warning

Bitcoin country El Salvador has taken a new step for BTC despite the stern warning and new agreement from the IMF.

Bitcoinsistemi2024/12/22 21:55