Earlier today, as Bitcoinsistemi.com, we mentioned the sudden increase of approximately 40% in the price of the ORBS token, along with the interesting volume increases in South Korean cryptocurrency exchanges.
Now, Bancor (BNT) price is experiencing an increase again due to Upbit, South Korea's largest cryptocurrency exchange.
A cryptocurrency wallet thought to originate from Upbit accumulated a total of 4.71 million BNT, or $2.54 million in tokens in dollars, today. For BNT, a small-scale cryptocurrency, this means a huge amount. With this purchase, the wallet in question added 3.3% of the BNT token supply to its assets at once.
The cryptocurrency wallet, thought to belong to Upbit, contains $5.43 million worth of BNT tokens at the time of writing. Additionally, it holds ETH at a negligible level of $2,970.
Following these transactions, the BNT price climbed from $0.39 to $0.56. There was also a massive increase in the total transaction volume of the token, increasing by more than 5100%.
BNT is also traded on Binance, and even with the transactions following the rise, Binance became the exchange that provided the highest transaction volume for BNT. In addition, it was noteworthy that Upbit was in second place and BtcTurk was in third place.
*This is not investment advice.