Upbit, South Korea's largest cryptocurrency exchange, reported extraordinary trading volumes for several altcoins. The altcoins in question include Polkadot (DOT), Hedera (HBAR), Bitcoin Gold (BTG), Aave (AAVE) and Chiliz (CHZ).
The 4-hour chart for Polkadot (DOT) showed a 50-hour average volume of $207,000 on Upbit. However, the last recorded volume was at a staggering $466,000, an increase of 125.68%. On Binance, 4-hour volume was $947,000, while the last recorded volume was over $1 million, an increase of 34.37%.
Hedera (HBAR) also experienced unusual volume on the 1-hour chart. On Upbit, the average 50 1-hour volume was around $3 million, while the last recorded volume jumped to $9 million, a massive increase of 228.24%. While the 1-hour average volume on Binance was $5 million, the last recorded volume was $8 million, an increase of 49.39%.
Bitcoin Gold (BTG) was not left behind either, with the average 4-hour volume on the 4-hour chart appearing first on Upbit at $168,000. The last recorded volume was an impressive $650,000, an increase of 286.81%. However, Binance reported a decrease in volume, with average 4-hour volume at $29,000 and last recorded volume at $19,000.
Aave (AAVE), while the 1-hour average volume of 50 on Upbit was $1 million, the last recorded volume increased by 159.98% to $3 million. On Binance, the average 1-hour volume was initially $6 million, with a slight decrease in the last recorded volume.
Chiliz (CHZ) also experienced an increase on its 1-hour chart. On Upbit, the average 50.1-hour volume was $3 million, while the last recorded volume was $12 million, an increase of 301.44%. Binance reported that the 1-hour average 50 volume was $4 million and the last recorded volume was $5 million, an increase of 32.13%.
*This is not investment advice.
