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.
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.
