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Turkish crypto investors represent a significant portion of the global market. They were active even during bear markets. Despite it being both a Sunday and a holiday, local exchange volumes today exceed 9 billion TL. The liquidity strength of TRY pairs globally is also increasing day by day. So, which altcoins are Turkish crypto investors buying and selling the most during the holiday?
Turkey and Cryptocurrency
Turkey is a country with a high concentration of crypto investors, and the volumes are quite strong. The increasing TRY pairs on global exchanges over the years confirm this. On the other hand, even on the day of Eid al-Adha, local exchange volumes exceed 9 billion TL.
When the activity of Turkish investors on global exchanges is added, it becomes clear that there is much greater liquidity. For Turkish investors who show intense interest in speculative altcoins, meme coins or newly listed assets often rank first in volume.
Thanks to 21milyon.com, you can monitor the data of all local exchanges on a single screen in real-time to determine which altcoins are getting more attention. Additionally, you can see which altcoins are available on which local exchanges and in which pairs more volume is generated, allowing you to sell with lower price deviation on the most accurate exchange. 21milyon.com offers this data for free with the logic of Turkey’s CoinMarketCap.
Cryptocurrencies Bought by Turks
Bitcoin usually maintains its position in the top 2 on days when volume is weak. Currently, it is in the first place, and Tether, due to the long-standing fluctuation in the Lira, has a volume of over 1 billion TL. In the last 30 days, the price fluctuation of USDT against TRY has been higher than BTC. While USDT increased by 3%, BTCTRY increased by nearly 2% compared to a month ago.
In third place is Ethereum (ETH), and in fourth place is PEPE Coin, a favorite among Turkish investors who enjoy speculative trading. Looking at other altcoins, we see a different picture from the global volume rankings. Notably, ROSE INU Token has reached a volume of 287 million TRY. This altcoin is not well-known globally, and it is likely that some social media influencers affecting Turkish users have exaggerated its marketing.
