As Ethereum (ETH) steadily approaches the all-time high (ATH), some industry leaders believe that the second-largest cryptocurrency by market capitalization is not fully benefiting from organic demand. Rather, they want to earn money quickly by being “supported” by Korean investors.
Ethereum is being put forth among Korean investors?
with x post Today, Crypto entrepreneur Samson Mow made some interesting observations about ETH’s current price trajectory. Crypto executives believe that ETH’s current prices are attributed to Korean retail investors.
Specifically, Mow said that around $6 billion worth of South Korea’s retail capital supports Ethereum prices. Mow has denounced ETH influencers who are reportedly traveling to Korea to sell their digital assets to retail investors.
Additionally, the founder of Aqua Wallet said that ETH investors are not fully aware of the ETH/BTC chart and are under the false impression that they are purchasing the “next strategy.” He warned that it wouldn’t end well for ETH investors.
To remember, the strategy is a major public company when it comes to the amount of Bitcoin (BTC) held on the balance sheet. According to Coingecko data, the strategy currently holds 640,031 BTC, worth more than $48 billion at a typical market price.
About Bitmine, a financial company based in Ethereum Lead The pack holds more than 2.5 million ETH worth around $12.4 billion. Other companies like Sharplink Gaming (838,728 ETH), Coinbase ((136,782 ETH), BIT Digital (120,306 ETH) and Ethzilla (102,246 ETH) round out the top five on the list.
There are some indications that South Korea’s Ethereum trade market may have reached the level of acquired use. For example, ETH “Kimchi Premium” It has risen sharply Until 1.93 on October 5th, there was a significant surge from -2.06 observed when cryptocurrencies fell below $3,000 in July 2025.
For beginners, Kimchi premium refers to the difference in price at which cryptocurrencies trade at a higher price in Korean exchanges compared to the global market. This premium arises from strong local demand, limited capital flows from Korea, and regulatory barriers to prevent easy rulings between South Korea and international exchanges.
On-chain data suggests strong demand for ETH
In contrast to Mow’s opinion, on-chain data shows that both institutional and retail demand for ETH show no signs of slowing. Bitmine I’ll continue ETH is traded near the Asteritory, so as to stack ETH.
At the same time, ETH-based Exchange-Traded Funds (ETFs) continue to attract an increasing influx. Recently, US-based Spot ETH ETF I was attracted to Records an influx worth $547 million. At press time, ETH will trade at $4,701, an increase of 4.4% over the past 24 hours.
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