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These 5 Altcoins See Unusually High Trading Volumes in South Korea as the Market Struggles to Recover

source-logo  en.bitcoinsistemi.com 17 April 2024 06:34, UTC
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Unusual transaction volumes were detected in several altcoins on Upbit, South Korea's largest cryptocurrency exchange. The altcoins in question include Bitcoin Gold (BTG), Aave ($AAVE), Ontology Gas (ONG), Hifi Finance (HIFI) and Mask Network ($MASK).

The 4-hour chart for Bitcoin Gold (BTG) shows an average volume of $60,000. However, the last recorded volume was a staggering $98,000, an increase of 63.79%. In contrast, volume on Binance decreased by 31.93%, from an average of $29,000 to $19,000.

Aave ($AAVE) also experienced a significant volume increase on Upbit. Average 1-hour volume of $2,000 rose to nearly $5,000, a massive increase of 178.24%. Meanwhile, Binance reported a 20.66% drop in volume from $9,000 to nearly $7,000.

Ontology Gas (ONG) saw a massive increase in volume on the 4-hour chart. Average volume of $48 million jumped to $131 million, an increase of 169.50%. Binance also reported a volume increase from $11 million to $15 million, an increase of 29.34%.

Hifi Finance (HIFI) and Mask Network ($MASK) were also among those experiencing significant volume changes. Hifi Finance (HIFI) posted a 254.26% increase in 1-hour chart volume on Upbit from $667,000 to $2 million, while Binance reported a 12.61% decline. Mask Network ($MASK) experienced a 158.46% increase in 1-hour chart volume on Upbit from $115,000 to $298,000, while Binance reported a 34.29% decline.

*This is not investment advice.

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