Trading Volume Explodes in 5 Altcoins on South Korean Cryptocurrency Exchanges

Unusual trading volumes for several altcoins have been detected on South Korea’s largest cryptocurrency exchange Upbit.

Hive (HIVE)

On the 1-hour chart, Hive (HIVE) has seen a significant increase in trading volume. While the average 50-period volume on Upbit typically sits at $182,000, the latest figures have seen a significant increase to $497,000, representing a 173.57% increase. In contrast, Binance saw a modest increase from an average of $94,000 to $108,000, representing a 13.86% change.

Tezos (XTZ)

Tezos (XTZ) showed significant movement on the 4-hour chart. Upbit reported a 62.72% increase in 50-period average volume from $123,000 to $200,000. On Binance, volume fell 3.02% from an average of $747,000 to $725,000.

Neo (NEO)

Neo (NEO) also saw an impressive increase in trading volume on the 1-hour chart. Upbit’s 50-period average volume was $5,000, up 255.30% to $19,000. Binance reported an increase of 26.85%, from an average of $6,000 to $8,000.

Basic Attention Token (BAT)

Basic Attention Token (BAT) saw a significant rise on the 1-hour chart. Upbit’s 50-period average volume rose by an impressive 383.64% from $92,000 to $446,000. In contrast, Binance’s volume dropped by 31.66% from an average of $186,000 to $127,000.

Ethereum Classic (ETC)

Ethereum Classic (ETC) also saw a significant increase in trading volume on the 1-hour chart. Upbit’s 50-period average volume increased by 371.50% from $15,000 to $72,000, while Binance reported a slight increase from $16,000 to $16,110, a change of 0.69%.

*This is not investment advice.