Bithumb's Top-Traded Tokens Surpass Expectations in June

ARGO, TURBO, DEEP Rise Among Top Traders

Bithumb’s June report highlighted ARGO, TURBO, and DEEP as top choices among its high-return traders. Despite no official leadership statements, Bithumb powered this resurgence by strengthening operations and navigating post-2018 regulatory challenges.

Most of the top 100 traders were active males in their 30s, executing an average of 11.2 trades daily. The exchange’s share rebounded, reaching 25% in May, marking significant platform recovery after previous setbacks.

72% Surge in Bithumb’s Market Share in June

Bithumb’s market rebound signals rising investor confidence and potential for continued growth. The unexpected trading patterns underscore a shift in speculative interests, aligning with wider market optimism and returning sentiment among cryptocurrency traders.

The 72% surge in Bithumb’s share price during June reflects positive sentiment. Increased interest in mid-cap tokens like ARGO suggests market participants seek opportunities beyond major cryptocurrencies like BTC and ETH, shifting market dynamics significantly.

ARGO and TURBO Challenge Traditional Crypto Dominance

Historically, Bithumb’s reports favored large-cap cryptocurrencies, marking ARGO and TURBO’s popularity significant. The shift mirrors adjustments seen in 2018 when regulatory landscapes forced exchanges to adapt rapidly.

Analysis by Kanalcoin highlights traders’ strategic actions—like limiting orders—focusing on precise market moves. This approach historically led to strong market reactions, indicating traders’ adaptive strategies amid evolving crypto landscapes.

“As of last month, ARGO, TURBO, and DEEP were the most traded stocks among the top 100 high-return investors on Bithumb. The typical top trader executed an average of 11.2 trades daily, primarily using limit orders, and realized average gains of 3.5% before selling. Trading activity peaked at noon and was highest on Wednesdays.”