The post Stellar (XLM) Sees Over 220% Surge in Trading Volume Amid South Korean Exchange Activity appeared on BitcoinEthereumNews.com.

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…

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Filed under: News - @ July 28, 2024 6:16 pm