In the past 24 hours, the South Korean exchanges Upbit and Bithumb have reported significant increases in altcoin trading volumes, particularly in some popular digital currencies.
Overall Altcoin Trading Volumes
Upbit and Bithumb have seen increased trading volumes for altcoins, with the highest trading volumes recorded over the past day.
Ranking of Popular Altcoins
The top altcoins by trading volume on Upbit and Bithumb include:
1. XRP: $357 million 2. Ethereum (ETH): $272 million 3. Bitcoin (BTC): $235 million 4. Solary (LAYER): $175 million 5. Tether (USDT): $162 million 6. Status (SNT): $98 million 7. Solana (SOL): $76 million 8. Aergo (AERGO): $56 million 9. Dogecoin (DOGE): $62 million 10. Orbs (ORBS): $46 million 11. Sei (SEI): $45 million 12. Ondo (ONDO): $49 million 13. Threshold Network (T): $34 million 14. Sui (SUI): $38 million 15. Worldcoin (WLD): $23 million 16. Kaia (KAIA): $21 million 17. Sundog (SUNDOG): $17 million 18. Virtuals Protocol (VIRTUAL): $17 million 19. Pepe (PEPE): $12 million.
Reasons for Trading Volume Increase
The recent decline in cryptocurrency prices, particularly due to the tensions between Iran and the US, has contributed to increased trading volumes compared to previous weeks, with the emergence of sudden volatility.
Upbit and Bithumb have demonstrated a significant increase in altcoin trading volumes, which may be linked to recent market fluctuations in the cryptocurrency sector.
