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Upbit, South Korea's largest cryptocurrency exchange, reported unusual trading volumes in several altcoins. The altcoins in question include Decentraland (MANA), Chiliz (CHZ), Ardor (ARDR), STP (STPT) and Solar (SXP). Here are the details.
On the 1-hour chart, Decentraland (MANA) showed a significant increase in trading volume. While the average 50 1-hour volume was $246,000, the last recorded volume was a staggering nearly $1.5 million. This represents a percentage change of 560.27%. On Binance, the change was more modest, with average volume increasing by 8.51%, from $559,000 to $607,000.
Chiliz (CHZ) also experienced an increase in trading volume on the 4-hour chart. While the average 4-hour 50 transaction volume on Upbit was 14 million dollars, this figure increased by 68.92% to around 24 million dollars. On Binance, the volume increased by 30.80% from an average of 25 million dollars to 33 million dollars.
Ardor (ARDR) saw a significant increase on the 1-hour chart. While the average 50 1-hour volume on Upbit was $7 million, this figure increased by 159.19% to $18 million. On Binance, the volume increased by 30.28%, from an average of $2 million to $2.6 million.
STP (STPT) also showed a significant increase on the 1-hour chart. While the average 1-hour 50 volume on Upbit was $1.8 million, this figure increased by 360.20% to approximately $6 million. On Binance, volume increased by 22.38%, from an average of $1.7 million to approximately $2 million.
Solar (SXP) also experienced an increase on the 1-hour chart. While the average 50 1-hour volume on Upbit was $384,000, that figure increased by 163.81% to nearly $1 million. Volume on Binance increased by 5.19%, from an average of $366,000 to $385,000.
*This is not investment advice.