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 consider that the second-largest cryptocurrency by market capitalization will not be fully benefiting from natural demand. Slightly, it’s being “propped up” by Korean buyers seeking to make a fast buck.

Ethereum Being Held Up By Korean Buyers?

In an X put up earlier in the present day, crypto entrepreneur Samson Mow made some fascinating observations on ETH’s present value trajectory. The crypto government attributed ETH’s present heightened value to Korean retail buyers.

Particularly, Mow acknowledged 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 buyers.

As well as, the founding father of AQUA Pockets mentioned ETH buyers 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’s going to not finish nicely for ETH buyers.

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

In terms of Ethereum-based treasury corporations, BitMine leads the pack, holding greater than 2.5 million ETH value roughly $12.4 billion. Different corporations 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 big surge from -2.06 noticed in July 2025 when the cryptocurrency traded under $3,000.

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

On-Chain Information Counsel Robust Demand For ETH

In distinction to Mow’s opinion, on-chain knowledge reveals that each institutional and retail demand for ETH will not be exhibiting 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. Just lately, 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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