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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.