5 Altcoins Experience Significant Trading Volume Spikes in South Korea’s Upbit Exchange
South Korea’s Upbit, the country’s largest cryptocurrency exchange, has reported considerable increases in trading volumes for several altcoins. In particular, The Graph (GRT) displayed a remarkable surge in trading volume on Upbit, with a 158.17% increase from $720,000 to almost $2 million within an hour. In contrast, Binance, another major exchange, only witnessed a 7.86% change in GRT’s volume, reaching around $1 million.
Loom Network (LOOM) saw even more staggering numbers, as its one-hour volume on Upbit skyrocketed from an average of $82 million to $623 million, representing a striking 658.29% surge. Conversely, Binance reported a modest 30.31% increase during the same timeframe.
Pendle Network (PENDLE) also experienced unusual activity, with its one-hour volume on Upbit more than doubling from $707,000 to $2 million, marking a 172.55% rise. On Binance, PENDLE’s trading volume increased by 35.23%, which, although significant, was much lower than Upbit’s surge.
Cosmos (ATOM) observed a notable boost in its four-hour trading volume on Upbit, rising by 142.87% from an average of $61,000 to $148,000. However, its volume on Binance experienced a slight decline of 9.73%, indicating a potential discrepancy in market behavior across the exchanges.
Finally, Beam (BEAM) witnessed a surge in its four-hour volume on Upbit, soaring from $114 million to $352 million, marking a 209.70% increase. In contrast, its volume on Binance plummeted by 39.80%.
It’s crucial to note that this information is not investment advice.