Top Crypto Coins By Trading Volume – June 27, 2023

Falling prices defined the first day of the new week. With this blog post, we analyze which impact the recent dip had on the trading volume of crypto coins. Therefore, the blog post will review the trading volume of the top 50 cryptocurrencies between Monday, 26th June, 9 AM UTC, and 27th June, 9 AM UTC.

Crypto Coins — Top Volume Leaders of the Day

  • Tether (USDT), the largest stablecoin by market capitalization, maintained its position as the token with the highest trading volume, with an impressive $24.95 billion. This marked a significant increase from the previous day’s volume of $21.67 billion.
  • Bitcoin (BTC) followed closely in second place, experiencing a surge in volume from $12.65 billion to $15.25 billion. Ethereum (ETH) was not left out of the rally, recording a trading volume of $8.47 billion, up from the $6.78 billion volume the previous day.
  • USD Coin (USDC), Binance USD (BUSD), and TrueUSD (TUSD) also retained their positions among the top volume leaders, displaying a trend that confirms the continuous demand for stablecoins in the market.

Among altcoins, Bitcoin Cash (BCH) held onto its 7th spot, followed by Wrapped Ethereum (WETH) at 8th. Ripple’s XRP also showed a noticeable increase in volume, moving up to the 9th position from the previous day’s 10th.

Crypto Coins — Top Movers of the Day

Some notable volume changes were observed among other altcoins as well.

For instance, Arbitrum (ARB), previously ranked 20th, showed remarkable improvement by securing the 11th position. Waves (WAVES) experienced a volume decline, moving from the 8th position to the 13th.

NEAR Protocol (NEAR) and Ethereum Classic (ETC) broke into the top 20, ranking 15th and 16th, respectively.

Notable Exits

Not all tokens had positive trading volume shifts. For instance, Kava (KAVA), ranked 14th in trading volume the previous day, was absent from the top 50 on June 26th. ARPA and Ankr also fell out of the top 50.

Conclusion

The trading volume offers a snapshot of a certain token’s level of activity or liquidity in the market. The above analysis reveals the dynamic nature of the cryptocurrency market, with various tokens shifting in popularity and liquidity from day to day.

Many factors could drive these movements, such as shifts in trader sentiment, recent news events, or changes in the broader economic environment. It’s crucial for traders and investors to stay informed and keep track of these movements to make informed decisions.

Cryptocurrencies Trading Volume — Detailed Data

PositionSymbolNameVolume
1USDTTether24,956,832,790
2BTCBitcoin15,253,407,301
3ETHEthereum8,472,174,892
4USDCUSD Coin3,756,705,807
5BUSDBinance USD2,709,319,751
6TUSDTrueUSD2,596,683,544
7BCHBitcoin Cash1,437,566,647
8WETHWETH1,154,898,320
9XRPXRP905,165,753
10LTCLitecoin529,738,872
11ARBArbitrum498,456,434
12BNBBNB402,275,836
13WAVESWaves334,773,971
14SOLSolana273,447,855
15NEARNEAR Protocol271,958,676
16ETCEthereum Classic271,799,340
17MATICPolygon249,538,308
18DOGEDogecoin246,171,401
19USDCEUSD Coin Bridged218,140,621
20ADACardano201,458,287
21PEPEPepe194,155,421
22LINKChainlink194,017,533
23EOSEOS180,053,518
24TRXTRON175,850,824
25APTAptos160,396,332
26SUISui159,649,507
27WBTCWrapped Bitcoin158,500,587
28DAIDai156,797,544
29LINALinear Finance152,740,318
30AVAXAvalanche151,772,529
31DOTPolkadot149,338,611
32OPOptimism142,518,616
33APEApeCoin136,902,383
34AAVEAave136,464,335
35STXStacks124,086,900
36SHIBShiba Inu107,633,560
37FILFilecoin103,757,161
38XMRMonero102,594,387
39FTMFantom101,877,447
40BLURBlur99,885,641
41BSVBitcoin SV98,981,918
42UNIUniswap97,711,594
43INJInjective97,493,106
44MAGICMAGIC94,395,644
45CFXConflux91,817,061
46WBNBWrapped BNB87,580,707
47BSWBiswap85,460,483
48LUNATerra83,644,583
49ATOMCosmos68,120,872
50DASHDash66,640,022

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