Unusual Activity on Upbit: Significant Spikes in Altcoin Trading Volumes

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI


  1. Sudden Spikes in Trading Volumes on Upbit
  2. Comparison with Binance
  3. Details for Each Altcoin

  4. Unusual trading activity has been observed on South Korea’s largest cryptocurrency exchange, Upbit, with several altcoins experiencing significant increases in volume.

    Sudden Spikes in Trading Volumes on Upbit

    One of the most notable changes was seen on Ark (ARK), which saw its 1-hour trading volume on Upbit increase by 235.88%. The most recent trading volume reached $270,000, a sharp increase from the 50-period average of $80,000.

    Comparison with Binance

    Interestingly, while Ark’s volume on Upbit increased, Binance reported a decrease, with the most recent 1-hour volume falling 16.66% to $77,000 compared to the average of $92,000. Similar patterns are observed for other altcoins.

    Details for Each Altcoin

    Qtum (QTUM) has also seen a dramatic increase in trading volume on Upbit. The latest figures show a 206.60% jump in 1-hour trading volume, from an average of $14,000 to $42,000. On Binance, Qtum’s trading volume has slightly decreased, from an average of $11,000 to $10,000, a 10.79% drop. Chainlink (LINK) saw a notable increase in 4-hour trading volume on Upbit, rising 57.90% to $59,000 from its 50-period average of $37,000. Meanwhile, Binance saw a more modest increase of 8.21%, with its 4-hour trading volume rising from its average of $266,000 to $288,000. Threshold (T) and IQ (IQ) also saw significant volume increases on Upbit. Threshold’s 1-hour volume increased by 150.46% to $4 million, while IQ’s volume increased by an impressive 423.50% to $14 million. On Binance, both tokens showed minimal changes, with Threshold’s volume decreasing by 3.88% while IQ’s volume slightly increasing by 7.63%.

    In summary, the unusual changes in altcoin trading volumes on Upbit may indicate significant market shifts. Stay updated with the latest news for further details.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Crypto Firms Rally Behind CFTC in Perpetual Futures Legal Battle

Coinbase, Kalshi, and four other companies filed an amicus brief supporting the CFTC's authority to regulate perpetual futures tied to US stocks amid a significant lawsuit.

user avatarBayarjavkhlan Ganbaatar

CMAA Challenges CFTC's Authority Over Perpetual Futures

The Capital Markets Alliance Association (CMAA) has filed a lawsuit against the Commodity Futures Trading Commission (CFTC), claiming that perpetual futures should be classified as security-based swaps, which would impose stricter regulations.

user avatarTenzin Dorje

XRP Ledger Foundation Unveils Quantum-Resistant Account Design

The XRP Ledger Foundation has introduced a quantum-resistant account design using the MLDSA44 signature scheme, allowing users to transition to new keys without additional costs by 2028.

user avatarMohamed Farouk

Valour Expands Digital Asset Offerings on Sweden's Spotlight Stock Market

Valour, a subsidiary of DeFi Technologies, has launched eight new digital asset exchange-traded products (ETPs) on Sweden's Spotlight Stock Market.

user avatarElias Mukuru

Continuous Ecosystem Maintenance in Solana's November Update

The November update reflects ongoing maintenance efforts within the Solana ecosystem, crucial for supporting demanding financial applications.

user avatarGustavo Mendoza

Improvements in Solana's JavaScript SDK Build Process

The changelog reveals a significant reduction in the JavaScript SDK build process time, promising enhanced productivity for developers.

user avatarMaria Fernandez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.