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Unusual Altcoin Activity on Upbit Exchange!
South Korea’s largest cryptocurrency exchange, Upbit, has recorded extraordinary trading volumes for several altcoins. Here are five altcoins that have experienced significant increases in trading volume:
- OST (Ost)
– Trading Volume Increase: Upbit’s 4-hour chart shows that trading volume rose from $21 million to $39 million, marking an increase of 85.02%.
- IOTA (IOTA)
– Trading Volume Increase: On Upbit’s 1-hour chart, IOTA’s trading volume surged from $320,000 to $1 million, resulting in a remarkable increase of 219.02%.
- HBAR (Hedera Hashgraph)
– Trading Volume Increase: HBAR’s trading volume on Upbit’s 1-hour chart climbed from $981,000 to $3 million, registering an increase of 177.38%.
- DOT (Polkadot)
– Trading Volume Increase: DOT exhibited significant growth on Upbit, with its 1-hour trading volume rising from $21,000 to $71,000, resulting in a 235.34% increase.
- ASTR (Astar Network)
– Trading Volume Increase: ASTR’s 1-hour trading volume on Upbit increased from $756,000 to $2 million, reflecting a rise of 213.84%.
Market Behaviors
While these altcoin projects are experiencing substantial increases on South Korean exchanges, a contrasting trend is observed on the world-renowned exchange Binance, where trading volumes are either declining or showing only slight increases.
This unusual activity not only highlights the rising trading volumes on Upbit but also showcases the varying behaviors of market participants across different exchanges. The increased trading volumes on Upbit indicate a growing interest among investors in these altcoins, potentially influencing overall market dynamics.
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