Upbit Detects Unusual Trading Volumes in Tezos (XTZ), Chiliz (CHZ coin), Theta Fuel (TFUEL), Aave (AAVE), and Wax (WAXP)

Upbit, South Korea’s largest cryptocurrency exchange, has detected unusual trading volumes in several altcoins in recent days.

Several altcoins have seen unusual trading volumes on South Korea’s largest cryptocurrency exchange, Upbit, over the past few hours. Among these altcoins are Tezos (XTZ), Chiliz (CHZ), Theta Fuel (TFUEL), Aave (AAVE) and Wax (WAXP).

The significant volume increases in these altcoins on Upbit have attracted the attention of market participants and directed attention to this exchange.

Here's a closer look at the trading volume changes for each altcoin:

- Tezos (XTZ) showed a significant volume increase on the 4-hour charts on the Upbit exchange. While the average 50 4-hour volume was $79,000, the last recorded volume reached $146,000, an increase of 85.39%. However, trading volume on Binance decreased by 59.8%, from an average of $625,000 to $254,000. This shows that the demand for Tezos transactions on Upbit is increasing, while it is decreasing on Binance.

- Chiliz (CHZ) also experienced a large increase in trading volume on Upbit. While the average 50 4-hour volume was $9 million, this figure increased by 145.74% to $21 million. In Binance, the transaction volume increased by 14.87%, from $9 million to $11 million. This huge increase in Chiliz’s trading volume on Upbit shows that investors are trading more on this platform.

- Theta Fuel (TFUEL) saw a significant increase in trading volume on the 1-hour chart on Upbit. While the average 50 1-hour volume was $1 million, it increased by 170.39% to approximately $3 million. In Binance, the transaction volume increased from an average of $803,000 to $1 million. These increases indicate that TFUEL is seeing increased trading volume on the Upbit and Binance exchanges.

- Aave (AAVE) also experienced a large increase in trading volume on the 1-hour chart on Upbit. Average 50 1-hour volume jumped from $488 to $2,000, an increase of 424.67%. However, trading volume on Binance decreased by 62.18%, from an average of $2,000 to $891. This shows that Aave transactions increased significantly on Upbit and decreased on Binance.

- Wax (WAXP) also 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%. In Binance, the transaction volume increased by 34.02%, from $3 million to $4 million. This huge increase in Wax’s trading volume on Upbit shows that investors tend to trade more on this platform.

The unusual trading volumes observed in several altcoins on the Upbit exchange have attracted the attention of market participants. These volume increases show that the Upbit exchange is seeing increasing interest in these altcoins, and this creates differences in trading volumes on other exchanges such as Binance. The reasons for the increase in transaction volumes on Upbit may include the fact that investors are more active in this exchange, the advantages offered by Upbit and the dynamics of the South Korean market. Following these developments can be important for making strategic decisions in the cryptocurrency market.

To stay up-to-date with the breaking news, follow us on Twitter, Facebook, and Instagram. Join our Telegram and YouTube channel