en.bitcoinsistemi.com
Upbit, South Korea's largest cryptocurrency exchange, has experienced unusual increases in the trading volume of several altcoins in recent hours.
The altcoins in question include IQ, QuarkChain (QKC), Algorand ($ALGO), Sei ($SEI) and Theta Fuel ($TFUEL).
The 4-hour chart for IQ showed a significant increase in trading volume on Upbit. The average 50 4-hour volume was $29 million, but the last recorded volume was a staggering $82 million, showing a percentage change of 176.73%. On the other hand, a more modest increase was seen on Binance, the world's largest cryptocurrency exchange. IQ trading volume on Binance increased by 17.18%.
On the other hand, QuarkChain (QKC) also experienced a large increase on its 1-hour chart on Upbit. While the average 50 1-hour volume in previous data was around 3 million dollars, the last recorded volume was 22 million dollars, a total increase of 685.54%. In the same time period, the volume change on Binance was interestingly downwards and there was a 33.98% decrease in volume.
On the popular altcoin Algorand ($ALGO) side, a transaction increase was also recorded on South Korea's largest cryptocurrency exchange. While previous data showed 50 1-hour $ALGO volume on Upbit around $1 million, the latest volume pointed to a figure close to $4 million. A more minimal increase was observed on Binance in the same period and the volume increased by 24.07%.
On the other hand, a volume increase was observed on Upbit for $SEI, one of the new altcoins that has been on the agenda recently. 50 1-hour volume increased from $5 million on Upbit to $16 million, with a net increase of 196.22%. On the other hand, a decrease was observed on Binance in the same period and the volume decreased by 3.55%.
Finally, interesting data was obtained on $TFUEL's 4-hour chart. According to data received from Upbit, while the previous data on the 50 4-hour chart of the altcoin was around 4 million dollars, this number climbed to approximately 8 million dollars with an increase of 121.78%. In Binance, a decrease in volume was observed in the same period, with a decrease of 3.51%.
*This is not investment advice.