South Korea Witnessing Unusual Surge in Trading Activity for 5 Altcoins
In an otherwise stable market, South Korea’s primary cryptocurrency exchanges, Upbit and Binance, have reported a surge in trading volumes for several altcoins.
Aptos (APT), traditionally averaging a trading volume of $251,000 over a 4-hour period, has experienced an astonishing increase of 407.75% to reach nearly $1 million on Upbit. However, on Binance, the volume witnessed a decline of 37.11%, dropping from an average of $890,000 to $560,000.
Another altcoin, Decentraland (MANA), also demonstrated a substantial rise in trading volume on Upbit. The average 1-hour volume, usually around $229,000, soared by 152.58% to approximately $579,000. Conversely, on Binance, the trading volume decreased by 30.26%, falling from an average of $370,000 to $258,000.
Zilliqa (ZIL) experienced a noteworthy increase in 4-hour trading volume on Upbit, surging by 108.85% from an average of $47 million to $99 million. Meanwhile, on Binance, the volume rose by 40.82%, moving from an average of $62 million to $87 million.
Ethereum (ETH) observed a modest but notable growth of 67.06% in its 4-hour trading volume on Upbit, rising from an average of $4,000 to nearly $6,000. On Binance, the volume increased by 20.07%, reaching approximately $75,000 from an average of $63,000.
Furthermore, Golem (GLM) witnessed a significant surge in its 4-hour trading volume on Upbit, with a jump from an average of $21 million to $56 million, reflecting a 173.75% increase. Binance, on the other hand, reported a more modest growth of 19.13%, maintaining a volume of around $5 million.
*Please note that this information should not be considered as investment advice.