I've been keeping an eye on Upbit's trading rankings lately and noticed something interesting.
In the past, those altcoins would often dominate the top spot, with daily trading volumes easily surpassing $100 million. Major coins like BES and XRP always had stable volumes.
But now? The leaderboard looks completely different. The former trading kings are all seeing shrinking volumes, and even old-timers like XRP are noticeably cooling off.
This signals something big—Korean capital is pulling out of the crypto market on a large scale. Where's the money going? The stock market. Korean retail investors have entered a classic FOMO stage, rushing into stocks en masse.
The outflow from the crypto market isn't small; you can clearly see it in the exchange data. This round of capital migration is pretty intense.
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Ser_APY_2000
· 12-09 08:54
The Koreans are really starting to leave, now the crypto space has lost a major backer.
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GasFeeBeggar
· 12-09 08:53
This wave of collective exit by Korean retail investors is really a bit embarrassing.
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OnchainHolmes
· 12-09 08:39
Korean retail investors have left, and now the crypto scene has really cooled down—even XRP isn’t appealing anymore. All the money is flooding into the stock market; this wave of withdrawals is no joke.
I've been keeping an eye on Upbit's trading rankings lately and noticed something interesting.
In the past, those altcoins would often dominate the top spot, with daily trading volumes easily surpassing $100 million. Major coins like BES and XRP always had stable volumes.
But now? The leaderboard looks completely different. The former trading kings are all seeing shrinking volumes, and even old-timers like XRP are noticeably cooling off.
This signals something big—Korean capital is pulling out of the crypto market on a large scale. Where's the money going? The stock market. Korean retail investors have entered a classic FOMO stage, rushing into stocks en masse.
The outflow from the crypto market isn't small; you can clearly see it in the exchange data. This round of capital migration is pretty intense.