Transaction Volume Explosions are Experienced in 5 Altcoins in South Korea!

South Korea’s largest crypto para Exchange Upbit has seen significant increases in trading volumes for several altcoins.

Unusual activity was detected across multiple time frames, with some coins experiencing volume increases of over 200%. Below are the highlights of the observed trading anomalies.

Jupiter (JUP)

On Upbit, trading volume for Jupiter increased significantly on the 1-hour chart. The average trading volume over the last 50 periods has been around $95,000, but recent volume has increased by 173.28% to $260,000. In contrast, Binance recorded a slight decrease in volume for the same period; The average was $625,000 and recent volume was $574,000, a decrease of 8.19%.

Threshold (T)

Threshold experienced a significant jump in trading volume on Upbit, with the 1-hour chart averaging $2 million to $7 million, a 296.32% increase. Meanwhile, Binance also showed an uptick, albeit a much smaller one, with volume remaining around $1 million.

Avalanche (AVAX)

Avalanche saw an unusual spike on Upbit’s 4-hour chart, with trading volume rising 109.05% from an average of $26,000 to $55,000. In contrast, Binance recorded a slight decrease in activity for AVAX during the same time period, with volumes falling from $242,000 to $236,000, a decrease of 2.79%.

Qty (QTUM)

1-hour trading volume for Qtum on Upbit also increased significantly, rising from an average of $13,000 to $35,000, a 176.18% increase. However, Binance reported a sharp decline, with volumes falling from an average of $10,000 to $7,000, resulting in a decline of 31.48%.

Cardano (ADA)

Cardano experienced an unusual volume spike on the 4-hour chart on Upbit, with trading volumes doubling from $2 million to $4 million, an increase of 142.96%. In contrast, Binance saw a 16.90% decrease in ADA trading volume from $9 million to $7 million during the same period.

*This is not investment advice.