Unusual trading volumes were detected in several altcoins on Upbit, South Korea’s largest cryptocurrency exchange. The altcoins in question include Tezos (XTZ), Chiliz (CHZ), Theta Fuel (TFUEL), Aave (AAVE) and Wax (WAXP).
On the 4-hour chart, Tezos (XTZ) showed a significant increase in trading volume on Upbit. While the average 50 4-hour volume was $79,000, the last recorded volume was $146,000, indicating an increase of 85.39%. However, trading volume on Binance decreased by 59.8%, from an average of $625,000 to $254,000.
Chiliz (CHZ) also experienced an increase in trading volume on Upbit. While the average 50 4-hour volume was $9 million, this figure increased by a whopping 145.74% to $21 million. On Binance, trading volume increased from $9 million to $11 million, a modest increase of 14.87%.
Theta Fuel (TFUEL) saw a significant increase in trading volume on the 1-hour chart on Upbit. Average 50 1-hour volumes of $1 million increased by 170.39% to nearly $3 million. Trading volume on Binance also increased from an average of $803,000 to $1 million.
Aave (AAVE) experienced a massive increase in trading volume on the 1-hour chart on Upbit. The 1-hour average volume of $488 skyrocketed to $2,000, a staggering increase of 424.67%. However, trading volume on Binance decreased by 62.18%, from an average of $2,000 to $891.
Finally, Wax (WAXP) saw a significant increase in trading volume on the 1-hour chart on Upbit. Average 50 1-hour volume increased from $9 million to $23 million, an increase of 154.85%. Trading volume on Binance rose from $3 million to $4 million, a modest increase of 34.02%.
*This is not investment advice.
