The Korean retail investor capital is putting on the momentum of Ether’s price and the rise of Corporate Ether treasury companies, according to industry insider, as the second largest largest cryptocurrency in the world just 7% below its entire time.
The “only thing” that preserves the ether (Eth) Price and Ether Treasury companies at their current levels are around $ 6 billion worth of Korean retail capital, according to Samson Mow, the CEO of Bitcoin technology company Jan3.
“ETH influencers are flying to South Korea just to marke the retail. These investors have a zero idea about the ETHBTC chart and they think buying the next gaming strategy,” Mow said on a Monday X PostThis warning is “will not end well.”
UPBIT and BITHUMB are the two major centralized exchanges (CEX) used by South Korean retail entrepreneurs.
In view of the futures data, upbit was ranked as the 10 largest CEX in terms of ether futures trading, with $ 1.29 billion worth of trading last week, according to coinglass Data.
Crypto futures trading It usually exceeds the amount of area trading and thus has a higher impact on the underlying asset price.
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Ether’s “Kimchi Premium” is signaling a growing coherence with the Korean retail retail
Ether’s “Kimchi Premium“Signs also growing demand from Korean retail investors, which describes when the price of a cryptocurrency is higher in South Korean exchanges than other exchanges.
Ether’s Kimchi Premium rose to 1.93 on Sunday, from -2.06 on July 16, when Ether exchanged below $ 2,959, according to the blockchain data platform Cryptoquant.
This indicator measures the price gap for the ether between South Korean exchanges and others.
Korean retail investors are significant participants in the crypto market, as can be seen in “Kimchi Premium,” by Ether, according to Marcin Kazmierczak, co-founder of Blockchain Oracle Firm Redstone.
However, Kazmierczak said this represents only one part of Ether’s overall momentum.
“Recognizing them as the main support for Ethereum significantly does not indicate different global network capital bases, which include major US institutional investment through ETFs, corporate treasures, and the extensive defi ecosystem that relies on ETH.”
Kazmierczak added that Ethereum’s strength was in the “infinite nature,” which combines Korean’s retail and international institutional participation.
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Mow’s views came because many other industry observers were asked to maintain the Ether Kaba Ether companies.
In September, the mechanism of capital of capital Andrew Kang criticized Bitmine’s founder Tom Lee Ether thesis, which focuses on this overstated amount of ether accrual from Stablecoins and real-world assets (RWA) tokenization.
“Ethereum’s appreciation is primarily derived from the unfamiliar one. That, to be fair, can create a decent large cover on the market,” Kang said in a Sept. 24 x PostAdding that “the appreciation that can be obtained from the unlucky to read financial is not eternal.”
While the “wider Macro’s liquidity” maintains ether’s price momentum, it needs “major organizational change” to save it from “uncertain underperformance,” Kang said.
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