Korea experiences unusual surge in trading volume in five altcoins

While market volatility remains low, unusual trading volumes occurred in some altcoins of Upbit and Binance, the largest cryptocurrency exchanges in Korea.

The average trading volume of Upbit Aptos (APT) on the 4-hour chart was $251,000, but the recent trading volume surged to about $1 million, showing an incredible increase of 407.75%. However, Binance’s trading volume 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. The average one-hour trading volume was $229,000, an increase of 152.58% to $579,000. On Binance, trading volume decreased by 30.26% from an average of $370,000 to $258,000.

Zilliqa (ZIL) Upbit 4-hour trading volume increased 108.85% from an average of $47 million to $99 million. On Binance, trading volume increased by 40.82% from an average of $62 million to $87 million.

Ethereum (ETH) rose slightly by 67.06% from an average of $4,000 to nearly $6,000 in Upbit 4-hour trading volume. On Binance, trading volume increased by 20.07% from an average of $63,000 to around $75,000.

Lastly, Golem (GLM)’s Upbit 4-hour trading volume increased by 173.75% from an average of $21 million to $56 million. Trading volume on Binance increased slightly by 19.13% to approximately $5 million.

*This content is not investment advice.