In recent market activity, South Korea’s largest cryptocurrency exchange Upbit recorded unusual trading volumes across a variety of altcoins, including IOST, IOTA, HBAR, DOT, and ASTR.
These significant increases recorded on both the 1-hour and 4-hour charts indicate increased local trading interest and market activity.
IOST saw a notable volume increase on Upbit’s 4-hour chart, with volume jumping from an average of $21 million to $39 million, an increase of 85.02%. In contrast, Binance reported a decline for IOST during the same period, with volume dropping from $44 million to $31 million, decreasing by 29.61%.
IOTA also saw a significant increase on Upbit’s 1-hour chart, with volume rising from $320,000 to $1 million, registering a staggering 219.02% increase. Binance showed a more modest gain for IOTA, with volume rising from $621,000 to $720,000, representing a 15.98% increase.
For HBAR, Upbit saw a sharp increase in trading volume on the 1-hour chart, climbing from $981,000 to $3 million, a 177.38% increase. Binance also reported growth, with volume rising from $5 million to $7 million, a 43.58% increase, but still lagging behind Upbit.
DOT also saw a dramatic increase on Upbit, with its 1-hour volume rising from $21,000 to $71,000, a growth of 235.34%. Binance also reported an increase in DOT trading, with a smaller increase of 43.04% from $87,000 to $124,000.
ASTR also showed similar activity, with Upbit’s 1-hour trading volume rising from $756,000 to $2 million, a 213.84% increase. In contrast, Binance’s volume remained steady, decreasing by 2.77%, a slight drop from $2 million to just below that level.
*This is not investment advice.