CandleFocus KRW Whales Accumulate USDT At 1998 IMF Crisis Level, Market Crash Ahead?
2024-12-19
Author: Content Editor
South Korea is facing a potential economic crisis as its currency, the South Korean won, has hit a 15-year low against the US dollar. This has led KRW whales to shift their focus towards the USDT stablecoin, causing concerns about a looming financial crisis. The CEO of CryptoQuant, Ki Young Ju, compared the situation to the 1998 IMF crisis, which has sparked fears of a potential market collapse.
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