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%.
*This is not investment advice.
Read the full article here
