Ethereum Treasuries “Propped Up” By $6 Billion In Korean Retail Money, Says Crypto Founder

As Ethereum (ETH) steadily approaches its all-time excessive (ATH), some trade leaders imagine that the second-largest cryptocurrency by market capitalization shouldn’t be solely benefiting from natural demand. Moderately, it’s being “propped up” by Korean traders seeking to make a fast buck.

Ethereum Being Held Up By Korean Traders?

In an X publish earlier at the moment, crypto entrepreneur Samson Mow made some fascinating observations on ETH’s present value trajectory. The crypto govt attributed ETH’s present heightened value to Korean retail traders.

Particularly, Mow said that roughly $6 billion value of Korean retail capital is supporting Ethereum costs. Mow blamed ETH influencers who’re reportedly touring to South Korea to market the digital asset to retail traders.

As well as, the founding father of AQUA Pockets stated ETH traders should not totally conscious of the ETH/BTC chart, and are underneath the misunderstanding that they’re shopping for the “subsequent Technique.” He cautioned that it’ll not finish properly for ETH traders.

To recall, Technique is the main public firm relating to the quantity of Bitcoin (BTC) held on its stability sheet. In keeping with information from Coingecko, Technique presently holds 640,031 BTC, value greater than $48 billion at prevailing market costs.

Relating to Ethereum-based treasury companies, BitMine leads the pack, holding greater than 2.5 million ETH value roughly $12.4 billion. Different companies like SharpLink Gaming (838,728 ETH), Coinbase ((136,782 ETH), Bit Digital (120,306 ETH), and ETHZilla (102,246 ETH) spherical up the highest 5 within the record.

There are a number of indicators that the Ethereum buying and selling market in South Korea could also be reaching overbought ranges. As an illustration, the ETH “Kimchi premium” surged to 1.93 on October 5, a major surge from -2.06 noticed in July 2025 when the cryptocurrency traded beneath $3,000.

For the uninitiated, the Kimchi premium refers back to the value distinction the place cryptocurrencies commerce at increased costs on South Korean exchanges in comparison with international markets. This premium arises from sturdy native demand, restricted capital stream out of Korea, and regulatory limitations that stop straightforward arbitrage between Korean and worldwide exchanges.

On-Chain Information Counsel Sturdy Demand For ETH

In distinction to Mow’s opinion, on-chain information exhibits that each institutional and retail demand for ETH shouldn’t be displaying any indicators of slowing down. BitMine continues to stack ETH regardless of it buying and selling near its ATH territory.

On the identical time, ETH-based exchange-traded funds (ETFs) proceed to draw an rising quantity of inflows. Not too long ago, US-based spot ETH ETFs attracted document inflows value $547 million. At press time, ETH trades at $4,701, up 4.4% previously 24 hours.

Featured picture from Unsplash.com, chart from TradingView.com

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