Unusual trading patterns have been observed for several altcoins on South Korea’s largest cryptocurrency exchange Upbit, which may indicate increased activity and investor interest.
Notably, these changes varied across time zones and differed significantly between Upbit and global exchange Binance.
Tezos (XTZ) rose sharply on the 1-hour chart on Upbit, with volume last recorded at $47,000, a 214.7% increase from the 50-period average of $15,000. In contrast, Binance XTZ reported a decline in trading activity, with volume down 73.35% to $40,000 compared to the $151,000 average.
Jupiter (JUP) saw a notable increase in volume on Upbit in the 4-hour timeframe. The $4 million recorded volume represented a 119.54% jump from the 50-period average of $2 million. Binance saw a more modest 14.68% increase, with volume rising from the 50-period average of $6 million to $7 million.
Ankr (ANKR) has seen a dramatic rise in 1-hour trading volume on Upbit, jumping from an average of nearly $2 million to $13 million, with an 874.18% increase. Meanwhile, on Binance, 1-hour volume increased by 10.86%, from an average of $3 million to $4 million.
Kava (KAVA) also saw significant movement on Upbit’s 4-hour chart, with volume increasing by 83.41% from an average of around $1.5 million to $3 million. On Binance, trading volume for KAVA increased by 45.09% to $2 million during the same period.
Finally, Hive (HIVE) saw a 191.83% increase in 1-hour trading volume on Upbit, jumping from an average of $86,000 to $250,000, while Binance reported a 15.22% decrease, with the last recorded volume remaining at $96,000 compared to an average of $113,000.
*This is not investment advice.