Korean retail capital driving Ether price, treasury demand: Samson Mow

Korean retail investors are significantly impacting Ether's value, contributing to its price momentum and the emergence of corporate Ether treasury firms. Currently, Ether trades just 7% below its all-time high, bolstered by approximately $6 billion of capital from Korean retail investors, according to Samson Mow, CEO of Jan3. He noted that many of these investors are uninformed about the market dynamics, which he warns could lead to negative consequences. The activity on centralized exchanges like Upbit and Bithumb indicates robust trading volumes, with Upbit being a prominent player in Ether futures. The growth of Ether's 'Kimchi premium,' where prices are higher on South Korean exchanges, marks increased engagement from these investors. However, experts like Marcin Kazmierczak believe that while Korean retail capital is essential, it doesn't represent the totality of Ether's market support, highlighting the diverse global capital base including significant U.S. institutional investments. Others have voiced skepticism about the sustainability of Ether treasury firms, suggesting Ethereum's valuation often stems from misinformed investments that may lead to long-term challenges.

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