Unusual Trading Activity on South Korea’s Upbit Exchange

In a surprising turn of events, some altcoins on Upbit, South Korea’s leading cryptocurrency exchange, have witnessed significant changes in trading volumes. These fluctuations have occurred within the last few hours, sparking intrigue in the crypto community.

Mask Network (MASK)

One of the standout performers is Mask Network (MASK), which has experienced an astonishing 224.70% surge in trading volume on Upbit’s 1-hour chart. The latest recorded volume stands at 399K, a remarkable increase from the usual 1-hour volume of 123K. Meanwhile, on Binance, the volume saw a 25.50% uptick, with the 1-hour average volume reaching 149 thousand and the final volume hitting 187 thousand.

Bitcoin Gold (BTG)

Bitcoin Gold (BTG) has also made waves with a notable 191.73% rise in volume on Upbit’s 1-hour chart. Recent volume figures have jumped from 8k to 23k, surpassing the 1-hour average volume. However, it’s worth noting that on Binance, the volume decreased by 28.60%, with the last recorded volume at 19 thousand and the 1-hour average volume falling to 27 thousand.

IOST (IOST)

IOST (IOST) has shown an impressive 267.40% surge in volume on Upbit’s 1-hour chart, with the latest recorded volume standing at 32 million. This is a substantial increase compared to the average 50 1-hour volume of 9 million. On Binance, volume increased by 9.09%, with the last recorded volume at 14 million, surpassing the previous 1-hour average volume of 13 million.

Tezos (XTZ)

Tezos (XTZ) took the spotlight on the 4-hour chart, exhibiting a 102.91% increase in volume on Upbit. The latest volume recorded was 4 million, up from the average 50 4-hour volume of 2 million. On Binance, volume increased by 22.81%, with the latest volume recorded at 1.15 million, surpassing the average 50 4-hour volume of 943 thousand.

Please note that this information is not intended as investment advice, and caution is always advised when trading cryptocurrencies.