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Trading Volume Explodes in 5 Altcoins on South Korean Cryptocurrency Exchanges

Trading Volume Explodes in 5 Altcoins on South Korean Cryptocurrency Exchanges

BitcoinsistemiBitcoinsistemi2024/08/12 11:18
By:Mete Demiralp

Some altcoins are attracting attention on Upbit, the largest cryptocurrency exchange in South Korea and the second largest in the world.

Unusual trading volumes for several altcoins have been detected on South Korea’s largest cryptocurrency exchange Upbit.

Hive (HIVE)

On the 1-hour chart, Hive (HIVE) has seen a significant increase in trading volume. While the average 50-period volume on Upbit typically sits at $182,000, the latest figures have seen a significant increase to $497,000, representing a 173.57% increase. In contrast, Binance saw a modest increase from an average of $94,000 to $108,000, representing a 13.86% change.

Tezos (XTZ)

Tezos (XTZ) showed significant movement on the 4-hour chart. Upbit reported a 62.72% increase in 50-period average volume from $123,000 to $200,000. On Binance, volume fell 3.02% from an average of $747,000 to $725,000.

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Neo (NEO)

Neo (NEO) also saw an impressive increase in trading volume on the 1-hour chart. Upbit’s 50-period average volume was $5,000, up 255.30% to $19,000. Binance reported an increase of 26.85%, from an average of $6,000 to $8,000.

Basic Attention Token (BAT)

Basic Attention Token (BAT) saw a significant rise on the 1-hour chart. Upbit’s 50-period average volume rose by an impressive 383.64% from $92,000 to $446,000. In contrast, Binance’s volume dropped by 31.66% from an average of $186,000 to $127,000.

Ethereum Classic (ETC)

Ethereum Classic (ETC) also saw a significant increase in trading volume on the 1-hour chart. Upbit’s 50-period average volume increased by 371.50% from $15,000 to $72,000, while Binance reported a slight increase from $16,000 to $16,110, a change of 0.69%.

*This is not investment advice.

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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.

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