Upbit, South Korea’s largest cryptocurrency exchange, reported extraordinary trading volumes on several altcoins.
Unusual volumes were detected on the 4-hour and 1-hour charts of Bitcoin Gold (BTG), Ankr (ANKR), Decentraland (MANA), Aptos (APT) and Arbitrum (ARB).
On the 4-hour chart, Bitcoin Gold showed a significant increase in trading volume on Upbit. While the average 50 4-hour volume was $133,000, the last recorded volume was $401,000, an increase of 201.12%. In comparison, Binance reported a decline of 31.93% during the same period.
Ankr also experienced an increase in trading volume on the 1-hour chart on Upbit. While the average 50 1-hour volume was $3 million, this figure increased by 200.11% to $9 million. Binance reported an insignificant change of -0.15%.
Decentraland’s 4-hour chart on Upbit showed an average of 50 4-hour volumes of $2 million, up 90.53% to $4 million. Binance also reported a 40.95% increase.
On the 1-hour chart, Aptos showed a significant increase in trading volume on Upbit. While the average 50 1-hour volume was $15,000, this figure increased to $44,000, an increase of 189.85%. Binance, on the other hand, reported a slight increase of 7.26%.
Arbitrum also experienced an increase in trading volume on the 1-hour chart on Upbit. While the average 50 1-hour volume was $469,000, this figure increased by 234.43% to $2 million. Binance also reported a 43.03% increase.
*This is not investment advice.
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