There were unusual transaction volume increases in some altcoins on Upbit, South Korea’s largest cryptocurrency exchange.
While volatility remained low in the market, some altcoins on Upbit and Binance, South Korea’s largest cryptocurrency exchange, experienced unusual trading volumes.
While the average volume on the 4-hour chart for Aptos (APT) on Upbit is seen at $251,000, recent volume has skyrocketed to approximately $1 million, a staggering increase of 407.75%. However, volume on Binance decreased by 37.11%, from an average of $890,000 to $560,000.
Decentraland (MANA) also saw a significant increase in trading volume on Upbit. Average 1-hour volume of $229,000 rose to $579,000, an increase of 152.58%. On Binance, volume decreased by 30.26%, from an average of $370,000 to $258,000.
Zilliqa (ZIL) 4-hour trading volume on Upbit increased by 108.85%, from an average of $47 million to $99 million. On Binance, the volume increased by 40.82%, from an average of $62 million to $87 million.
Ethereum (ETH) is up a modest 67.06% in 4-hour trading volume on Upbit, from an average of $4,000 to nearly $6,000. On Binance, volume increased by 20.07%, from an average of $63,000 to approximately $75,000.
Finally, Golem (GLM) saw a significant increase in 4-hour trading volume on Upbit, from an average of $21 million to $56 million, a 173.75% increase. On Binance, volume remained around $5 million, a modest increase of 19.13%.
