en.bitcoinsistemi.com
After the halving in Bitcoin was over, unusual transaction volumes were detected in several altcoins on Upbit, South Korea's largest cryptocurrency exchange. The altcoins in question include Cardano ($ADA), Loom Network (LOOM), 1inch ($1INCH), Ankr ($ANKR) and NEM (XEM).
The 4-hour chart for Cardano ($ADA) showed a significant increase in trading volume on Upbit. The average 50 4-hour volume was $7 million, but the last recorded volume was around $14 million, indicating an increase of 96.96%. In Binance, the volume decreased by 8.50%, from an average of $46 million to $42 million.
Loom Network (LOOM) also saw a significant increase in trading volume on the 1-hour chart on Upbit. Average 1-hour volume of $50 million rose to $10 million, an increase of 215.10%. On Binance, the volume remained stable at $2 million.
1inch ($1INCH) experienced a massive 407.13% increase in trading volume on the 4-hour chart on Upbit, with volume rising from an average of around $1.5 million to as high as $7 million. On Binance, the volume increased by 48.36%, from $3 million to $4 million.
Ankr ($ANKR) recorded a 186.96% increase in 1-hour trading volume on Upbit, from an average of $6 million to $17 million. However, volume on Binance decreased by 10.08%, from $9 million to $8 million.
Finally, NEM (XEM) saw a significant increase in 1-hour trading volume on Upbit. Volume increased by 454.21%, from an average of $2 million to $13 million. On Binance, the volume decreased by 15.37% to $1 million.
*This is not investment advice.