South Korea’s largest cryptocurrency exchange Upbit has observed unusual trading volumes across several altcoins, indicating growing interest in these assets.
The most significant increases were detected in Waves (WAVES) and Civic (CVC), with both coins showing notable trading activity compared to their 50-period moving averages.
On Upbit, Waves saw a massive 2464.04% increase in 4-hour trading volume, jumping from an average of around $1 million to an impressive $28 million. In comparison, Binance saw a more modest but still significant increase, with 4-hour trading volume increasing by 44.83% from $590,000 to $855,000.
The 1-hour chart for Civic (CVC) showed an even more dramatic increase, with trading volume on Upbit jumping 639.39% from an average of $479,000 to $4 million. On Binance, CVC’s volume also increased 43.88% from $290,000 to $417,000.
Storj (STORJ) also saw a significant increase on Upbit’s 1-hour chart, with trading volumes increasing by 154.23% from an average of $143,000 to $363,000. However, on Binance, Storj experienced a slight decline, with volume decreasing by 11.83% from $178,000 to $157,000.
Pundi X (PUNDIX) saw a 163.70% increase in 1-hour trading volume on Upbit, rising from $811,000 to $2 million. Meanwhile, Binance saw a more modest gain as volume rose 48.81% from $169,000 to $251,000.
Finally, Loom Network (LOOM) saw a notable increase on Upbit, with its 1-hour trading volume increasing by 338.95% from $9 million to $41 million. Binance’s 1-hour volume for LOOM increased by 30.31% from $674,000 to $878,000.
*This is not investment advice.
