Upbit, South Korea's leading cryptocurrency exchange, reported abnormal trading volumes in some altcoins. These altcoins include Decentraland (MANA), Chiliz (CHZ), Ardor (ARDR), STP (STPT) and Solar (SXP). Here are the details:
When the 1-hour chart for Decentraland (MANA) was examined, a significant increase in transaction volume was observed. While the average 50-hour volume hovers around $246,000, the last recorded volume increased surprisingly to nearly $1.5 million, representing an increase of 560.27%. On Binance, the change was more limited, with average volume increasing from $559,000 to $607,000, an increase of 8.51%.
When the 4-hour chart for Chiliz (CHZ) was examined, there was an increase in trading volume. While the 4-hour average 50 transaction volume on Upbit was around 14 million dollars, this figure increased by 68.92% to approximately 24 million dollars. On Binance, the volume increased by 30.80% from an average of 25 million dollars to 33 million dollars.
When the 1-hour chart for Ardor (ARDR) was examined, a significant volume increase was observed. While the average 50-hour volume on Upbit approached $7 million, this figure increased by 159.19% to $18 million. On Binance, the volume increased by 30.28%, from an average of $2 million to $2.6 million.
When the 1-hour chart for STP (STPT) was examined, a significant volume increase was observed. While the average 1-hour 50 volume on Upbit approached $1.8 million, this figure increased by 360.20% to nearly $6 million. On Binance, volume increased by 22.38%, from an average of $1.7 million to approximately $2 million.
When the 1-hour chart for Solar (SXP) was examined, there was an increase. While the average 50-hour volume on Upbit approached $384,000, that figure rose 163.81% to nearly $1 million. Volume on Binance increased by 5.19%, from an average of $366,000 to $385,000.
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