Nvidia-Loving South Korean Crypto Traders Devour Risky AI Tokens
- South Korea’s share of AI token trading rose to 18.7% in May
- About 10% of the population has some exposure to cryptoassets
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Risk-loving South Korean traders are piling into digital assets linked to the theme of artificial intelligence as AI hype seeps into crypto.
South Korea’s share of weekly global trading volumes for AI tokens rose to as much as 18.7% in May from a low of 0.6% in mid-2023, Kaiko data show. Such tokens are typically issued by early-stage projects seeking to deploy blockchain technology for AI services — a marriage whose usefulness remains unproven.