Unusual Surge in Trading Volume for MINA and 4 Other Altcoins on Popular Exchange! Here’s What Happened
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Sep 16 2024Unusual Trading Volume Spikes: South Korea's Upbit exchange has seen significant trading volume increases for several altcoins, including Solar (SXP), Jupiter (JUP), and Beam (BEAM), with some coins experiencing over 200% surges compared to their average volumes. This contrasts sharply with trends on other exchanges like Binance, where many of these coins saw declines in trading activity.
Speculative Buying and Market Dynamics: Experts suggest that the unusual trading patterns may be driven by speculative buying in the South Korean market, differing market conditions, or new investment strategies, highlighting the divergent dynamics within the cryptocurrency market across different exchanges.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
