The recent surge in the price of Ethereum (ETH) has attracted widespread attention in the market. Behind this wave of increase, a Korean individual named Tom Lee has played a key role. Lee, originally a stock market celebrity, later became the chairman of the ETH-related company BMNR, and has maintained a bullish outlook.



Lee's influence stems from the combination of multiple identities: stock market celebrity, cryptocurrency advocate, and Korean influencer. This unique combination gives him an influence in South Korea comparable to that of the founder of the LUNA project.

It is worth noting that South Korean investors have a special influence on the crypto market. Historically, whenever South Korean investors focus on a particular project, it often leads to a rapid increase. This phenomenon has been reflected in the past LUNA project and the recent new highs in XRP prices.

Currently, this wave of enthusiasm seems to have shifted towards BMNR and ETH. The fervent participation of Korean investors, along with Lee's promotion, has become a significant driving force behind the current rise of ETH.

This phenomenon once again highlights the high volatility of the cryptocurrency market and the significant impact of regional investment enthusiasm on market trends. For investors, understanding these market dynamics is crucial, but it is also important to remain cautious and recognize the potential risks behind rapid price increases.
ETH-4.32%
LUNA0.58%
XRP0.03%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Comment
0/400
RunWithRugsvip
· 08-11 16:52
LUNA players say they have PTSD.
View OriginalReply0
CryptoTarotReadervip
· 08-11 16:45
Suckers are dancing again?
View OriginalReply0
0xSoullessvip
· 08-11 16:26
Another wave of sucker cultivation plan has begun...
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)