South Korea remains a key player in the altcoin market, with increasing interest in tokens such as XRP and the new memecoin USELESS.
South Korean Altcoin Market
South Korea is known for its effectiveness in the altcoin market. On the country's largest cryptocurrency exchange, Upbit, XRP ranks first in transaction volume, while Bitcoin (BTC) and Ethereum (ETH) hold second and third places respectively.
Rise of USELESS
Amidst the growing interest in XRP, a new altcoin, the memecoin called USELESS, has recently experienced a significant surge. Its price is expected to continue rising.
Impact of Korean KOLs
DNTV Research analyst Bradley Park noted that the surge of USELESS is tied to Korean Key Opinion Leaders (KOLs). At the center of this is Yeomyung, who made early investments in USELESS and has already seen substantial profits.
CITE_W_A: "Yeomyung also invested in TRUMP early and made huge profits during the rally. Now she invested in USELESS early and her profits have already become huge."
"So far it has not sold. Because it is waiting for a CEX listing. Because without a CEX listing there is no chance of a big rally."
Thus, South Korea is not only maintaining its status as a significant cryptocurrency market but is also starting to have a substantial influence on the prices of altcoins, as seen with tokens like Hyperliqued (HYPE), Kaia, and USELESS.
