Trading Volume Surges in 5 Altcoins in South Korea amidst a Bullish Market – Check Out the List
South Korea’s largest cryptocurrency exchange, Upbit, has witnessed an unprecedented surge in trading activity for several altcoins over the past few days, surpassing their usual trading volumes.
Siacoin (SC), EOS, Jupiter (JUP), Icon (ICX), and Bitcoin Gold (BTG) have attracted considerable attention in the market as their trading volumes experienced significant increases.
On Upbit’s 1-hour chart, Siacoin witnessed a remarkable surge in trading volume. Typically, the average 50-period 1-hour volume stands at around $46 million, but the latest figure soared by 211.43% to $143 million. On Binance, SC also saw a more modest increase of 41.13%, rising from $17 million to $24 million.
EOS also experienced substantial trading activity. On Upbit, the 1-hour chart displayed a sharp rise, jumping from an average of $165,000 to $608,000, marking a 268.31% increase. Binance observed a smaller volume increase, rising from $907,000 to $1.2 million, reflecting a 33.91% change.
On Upbit’s 4-hour chart, Jupiter exhibited an unusual surge in trading volume, skyrocketing from an average of $602,000 to $1.3 million, reflecting a 122.61% increase. Binance, on the other hand, observed a 12.31% rise in volume, staying around $2 million.
Icon witnessed a significant surge on Upbit’s 1-hour chart, with trading volumes increasing by 163.12% from $127,000 to $333,000. Interestingly, Binance observed a 17.61% decline in ICX trading volume, dropping from $240,000 to $197,000.
The most striking change occurred with Bitcoin Gold on the 4-hour chart. Upbit witnessed a staggering 540.54% surge in trading volume, rising from $17,000 to $108,000. In contrast, Binance experienced a 31.93% decrease in volume, falling from $29,000 to $19,000.
*This information should not be considered investment advice.