Unusual trading volumes have been detected in several altcoins on Upbit, South Korea’s largest cryptocurrency exchange. Waves (WAVES), Stellar (XLM), Neo (NEO), WAX (WAXP), and Decentraland (MANA) are among the altcoins that have experienced significant increases in trading volume.
The 4-hour chart for Waves (WAVES) showed an average volume of $1 million over the last 50 periods. However, recent volume increased by a significant 50.28% to $1.5 million. On Binance, the volume increased from an average of $590 thousand to $855 thousand, an increase of 44.83%.
Stellar (XLM) also experienced a notable increase in trading volume. On the 1-hour chart, the average volume of $943K surged by 223.47% to nearly $3M. Binance also reported a 41.15% increase from $1 million to nearly $1.5 million.
Neo (NEO) is also seeing an uptick in trading volume. The 4-hour chart showed an increase from an average volume of $32K to $76K, representing a 137.48% increase. On Binance, the volume increased from $32 thousand to $43 thousand, a 33.54% increase.
WAX (WAXP) witnessed a significant surge in trading volume. The 1-hour chart showed an increase of 214.67% from an average volume of $7 million to a staggering $24 million. On Binance, the volume rose by 30.86% from $3 million.
Decentraland (MANA) also joined the list with a substantial increase in trading volume. The 1-hour chart reflected a 322.20% increase to $408k from an average volume of $97k. However, volume on Binance decreased by 65.03%, from $260k to $91k.
In conclusion, these altcoins are experiencing a surge in trading volume, indicating increased interest and activity in the cryptocurrency market. Traders should be cautious and conduct thorough research before making any investment decisions. Remember, this information does not constitute investment advice.
