South Korea’s largest cryptocurrency exchange Upbit has seen a significant increase in trading volumes for several altcoins in the past few days. These cryptocurrencies include Siacoin (SC), EOS, Jupiter (JUP), Icon (ICX), and Bitcoin Gold (BTG).
Siacoin Trading Volume Surge
On the 1-hour chart, Siacoin saw a dramatic increase in trading volume on Upbit. While the average 50-period 1-hour volume usually hovers around $46 million, the latest figure rose by 211.43% to $143 million. On Binance, SC also saw a more modest, 41.13% increase from $17 million to $24 million.
EOS Trading Volume
EOS also saw significant trading activity. On Upbit, the 1-hour chart showed a sharp jump from an average of $165,000 to $608,000, up 268.31%. Binance saw a smaller increase in volume, rising from $907,000 to $1.2 million, marking a 33.91% change.
Other Altcoins Trading Dynamics
['The 4-hour chart for Jupiter on Upbit revealed an unusual increase in trading volume, jumping from an average of $602,000 to $1.3 million, a 122.61% increase. On Binance, volume rose by 12.31%, remaining around $2 million.', 'Icon saw a significant increase on Upbit’s 1-hour chart, with trading volumes rising by 163.12% from $127,000 to $333,000. Interestingly, Binance saw a 17.61% drop in ICX trading volume from $240,000 to $197,000.', 'The most striking change was seen with Bitcoin Gold on the 4-hour chart. Upbit saw a staggering 540.54% increase in trading volume, rising from $17,000 to $108,000. In contrast, Binance saw a 31.93% decrease in volume, falling from $29,000 to $19,000.']
The sharp increase in trading volumes for the listed altcoins on Upbit may indicate heightened investor interest in these cryptocurrencies in South Korea.
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