Higher-than-usual volumes were measured in some altcoins on Upbit, the largest cryptocurrency exchange of South Koreans, which occasionally causes extraordinary price movements with its preferences in the cryptocurrency world.
Here are the altcoins in question and their volume changes on Binance in the same period:
Storj (STORJ)
There was a significant increase in trading volume on the 4-hour chart for Storj (STORJ). On Upbit, the 4-hour 50 volume average of $3 million rose to 6 million, marking an increase of 107.14%. On Binance, volume increased from an average of $2 million to 4 million, an increase of 45.29%.
Celo (CELO)
Celo (CELO) experienced a dramatic volume increase on its 1-hour chart. On Upbit, the 50 average 1-hour volume of $277K jumped to 2 million, a massive increase of 499.62%. An increase was recorded in Binance, with the average volume increasing from 293 thousand to 373 thousand, an increase of 27.40%.
Tezos (XTZ)
Unusual volume changes were detected on the 1-hour chart of Tezos (XTZ) data. 50 1-hour volume on Upbit jumped from $65k to $259k, representing an increase of more than 300%.
During the same period, the volume on Binance increased from 116 thousand to 126 thousand, indicating an increase of only 8.15%.
Theta Network (THETA)
Theta Network (THETA) recorded a significant volume increase on its 4-hour chart. On Upbit, the 4-hour average volume of 50, which was $604k, increased by 195.52% to 2 million. On Binance, volume climbed 49.41% to 1 million from an average of 747 thousand.
Theta Fuel (TFUEL)
Theta Fuel (TFUEL) saw unusual trading volume increase on its 1-hour chart. On Upbit, average 50 1-hour volume jumped from nearly 1 million to nearly 5 million, a 240.39% increase. However, volume on Binance decreased by 23.12%, from an average of 716 thousand to 551 thousand.
*This is not investment advice.
