Korean retail investors are becoming a significant driver of Ether’s growing value, alongside global institutional investors and corporate treasuries, Mow said.
Korean retail investor capital is fueling Ether’s price momentum and the rise of corporate Ether treasury firms, according to industry insiders, as the world’s second-largest cryptocurrency trades just 7% below its all-time high.
The “only thing” keeping the Ether (ETH) price and Ether treasury firms at their current levels is around $6 billion worth of Korean retail capital, according to Samson Mow, the CEO of Bitcoin technology company Jan3.
“ETH influencers have been flying to South Korea just to market to retail. These investors have zero idea about the ETHBTC chart and think they’re buying the next Strategy play,” said Mow in a Monday X post, warning that this “won’t end well.”
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