South Korea’s largest cryptocurrency exchange Upbit has witnessed significant increases in trading volume for several altcoins in recent trading activity, surpassing averages and outpacing volume trends on Binance.
These volume increases may indicate increased interest or potential market activity, especially as they appear atypical on hourly and four-hour charts.
On the four-hour chart, Upbit reported an impressive volume increase for IOST, with the latest volume recorded at $68 million. This represents a 178.81% increase compared to the average 50-period four-hour volume of $24 million. In comparison, Binance saw a more modest increase, with its four-hour volume rising from an average of $77 million to $109 million.
For Loom Network, the one-hour chart on Upbit showed a significant 150.80% increase in trading volume, with the last volume coming in at $28 million compared to an average of $11 million. On Binance, volume rose from an average of $674,000 to $878,000, with a more modest gain of 30.31%.
0x Protocol saw one of the most significant swings on Upbit’s four-hour chart, with recent volume up 305.67% to $3 million from an average of $971,000. On Binance, ZRX rose from an average of $1.5 million to $2 million, a percentage change of 37.75%.
For KAVA, Upbit reported a one-hour volume increase of 272.95%, with the latest volume rising from an average of $325,000 to $1 million. In contrast, Binance saw a smaller increase from an average of $570,000 to $604,000.
In Ontology’s case, Upbit’s one-hour chart reported a 183.33% volume increase, with the latest volume reaching $1 million from an average of $424,000. Binance saw a slight decrease in volume, falling from an average of $551,000 to $499,000.
*This is not investment advice.