A new altcoin is attracting attention with its rise in South Korea.
South Korea is known for being very effective in the altcoin market. While South Korean investors cause a pump in the price of some altcoins, altcoins such as XRP and AltLayer Status attract attention.
At this point, XRP ranked first in terms of transaction volume on Upbit, the country’s largest cryptocurrency exchange, while Bitcoin (BTC) and Ethereum (ETH) ranked second and third.
While South Koreans have a different interest in XRP, a new altcoin alternative to XRP has emerged.
This token is the memecoin called USELESS, which has seen a huge rise recently. South Korea has had a big impact on this rise, and the price is expected to rise even more.
Speaking to Coindesk, DNTV Research analyst Bradley Park said the USELESS surge has ties to South Korean KOLs.
At the center of everything, Park noted, is Yeomyung, a Korean KOL and liquidity provider that entered USELESS at an early stage and made significant profits.
Park Yeomyung stated that he follows Yeomyung’s wallet movements and that Korean investors also follow his investments carefully. According to Park, Yeomyung’s early investment in USELESS resonated with investors and many people followed him and invested in USELESS.
This has a major impact on the rise of USELESS.
“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.”
Park finally stated that South Korea is no longer a secondary market and has a major impact on prices, citing the rise of Hyperliqued (HYPE), Kaia, and USELESS as examples.
