Attention: 5 Altcoins Experience Surge in Trading Volume in South Korea – Check Out the List
In recent market activity, South Korea’s largest cryptocurrency exchange, Upbit, has witnessed a significant surge in trading volumes for several altcoins. Notably, IOST, IOTA, HBAR, DOT, and ASTR have all experienced an explosion in trading interest and market activity.
On Upbit’s 4-hour chart, IOST saw a remarkable volume increase, jumping from an average of $21 million to $39 million, marking an 85.02% surge. Conversely, Binance reported a decline in IOST trading volume during the same period, with volume dropping from $44 million to $31 million, a decrease of 29.61%.
IOTA also witnessed a substantial increase on Upbit’s 1-hour chart, with volume rising from $320,000 to $1 million, representing a staggering 219.02% increase. Binance saw a more modest gain for IOTA, with volume rising from $621,000 to $720,000, indicating a 15.98% increase.
HBAR experienced a sharp surge in trading volume on Upbit’s 1-hour chart, climbing from $981,000 to $3 million, marking a 177.38% increase. Binance also reported growth for HBAR, with volume rising from $5 million to $7 million, a 43.58% increase, although still lagging behind Upbit.
Similarly, DOT witnessed a dramatic surge on Upbit, with its 1-hour volume escalating from $21,000 to $71,000, displaying a growth of 235.34%. Binance also reported an increase in DOT trading volume, with a more modest rise of 43.04% from $87,000 to $124,000.
ASTR displayed similar activity, as Upbit’s 1-hour trading volume surged from $756,000 to $2 million, indicating a 213.84% increase. In contrast, Binance’s volume remained steady, experiencing only a slight drop of 2.77% from $2 million to slightly below that level.
*Please note that this information should not be considered as investment advice.