- Unusual trading volumes were detected in several altcoins on South Korea’s largest cryptocurrency exchange, Upbit.
- Included in these atypical volumes are Waves (WAVES), Stellar (XLM), Neo (NEO), WAX (WAXP), and Decentraland (MANA).
- “Significant spikes in trading activity have stirred the market and caught the attention of crypto investors,” Upbit representatives noted.
Stay informed about the latest fluctuations in the crypto market with our in-depth analysis of trading volume spikes in major altcoins.
Increased Trading Volumes in WAVES, XLM, NEO, WAXP, and MANA
The most notable spike was observed in Waves (WAVES), which saw a 50.28% increase in its four-hour average trading volume, rising from $1 million to $1.5 million. On Binance, the trading volume also surged by 44.83%, from $590,000 to $855,000.
Stellar (XLM) Exhibits Significant Volume Surge
Stellar (XLM) also experienced a notable increase. The hourly graph indicated a 223.47% rise from an average trading volume of $943,000 to nearly $3 million. Binance reported a 41.15% increase, with volumes climbing from $1 million to approximately $1.5 million.
Other Altcoins Witness Unprecedented Volume Increases
Neo (NEO) also saw a robust rise in trading volume. The four-hour chart reflected an increase from $32,000 to $76,000, marking a 137.48% surge. On Binance, the volume grew from $32,000 to $43,000, showing a 33.54% uptick.
WAX (WAXP) Breaks Records with Massive Volume
WAX (WAXP) recorded significant trading activity. The hourly chart displayed a rise from $7 million to a staggering $24 million, representing a 214.67% increase. On Binance, the volume grew 30.86%, from $3 million upwards.
Decentraland (MANA) Experiences Dramatic Shifts
Decentraland (MANA) also saw a tremendous increase in trading volume. The hourly chart showed a surge from $97,000 to $408,000, marking a 322.20% rise. However, Binance reported a decrease from $260,000 to $91,000, a 65.03% drop.
Conclusion
These dramatic increases in trading volumes for various altcoins have raised significant market interest and underline the importance of monitoring market movements closely. Investors should remain vigilant and consider these metrics when strategizing their next moves.
