Ethereum’s Climb: A Quick Peek

So, Ethereum (ETH) is on a wild ride, inching closer to its all-time high like a kid trying to sneak a cookie from the jar. But hold on—some folks are suggesting it’s not just a sweet surge of organic love from crypto fans; instead, it’s getting a hefty boost from our friends over in Korea, who seem to be betting big on the digital gold.

Samson Mow Spills the Tea

In a recent blurb on X, crypto whiz Samson Mow decided to drop some knowledge bombs about ETH’s price actions. He pointed out that a whopping $6 billion is channeling through Korean retail investors, giving Ethereum a strong leg up. According to Mow, some ETH influencers are even packing their bags and heading to South Korea, trying to woo local investors into the crypto world. How charming!

Are Investors Chasing the Wrong Dream?

Mow also threw shade at some ETH enthusiasts, suggesting they might be a bit clueless about the ETH/BTC chart. Apparently, they think they’re buying into the next big thing while riding the wrong wave. Spoiler alert: it might not end well for these hopeful investors, and watching them panic could be more entertaining than a reality TV show.

The Bitcoin Boss

Just to give you an idea of the game out there, let’s chat about Strategy, the reigning champ of Bitcoin storage. This company is currently sitting on a treasure chest of 640,031 BTC, slide your eyes to that—worth over $48 billion at today’s prices. That’s some serious cash!

The ETH Heavyweights

Now, when it comes to Ethereum-heavy wallets, BitMine is at the forefront, holding a hefty stash of over 2.5 million ETH. That’s approximately $12.4 billion, folks! Other players in the arena include SharpLink Gaming, Coinbase, Bit Digital, and ETHZilla. They’re not just dabbling; they’re fully diving into the deep end!

Korean Markets Going Crazy

It seems like the Ethereum market over in South Korea might just be hitting a boiling point. For example, check out the ETH “Kimchi premium” which jumped to 1.93 on October 5. That’s a massive leap from -2.06 seen back in July 2025. Apparently, this premium means that cryptocurrencies just love to party it up at higher prices on Korean exchanges compared to their international buddies. This craziness comes from fiery local demand and some pretty funky regulations that make it hard to move money around.

On-Chain Data Shows a Different Story

Now, despite Mow’s cautionary tale, on-chain data is all like, “Hold my beer!” It shows that both retail and institutional interest in ETH is still buzzing like bees around a blooming flower. BitMine isn’t slowing down either and continues to stack up more ETH even as the price flirts with those high numbers.

ETFs Getting All the Love

Meanwhile, ETH-based exchange-traded funds (ETFs) are raking in cash like it’s going out of style. Just recently, US-based spot ETH ETFs celebrated record inflows worth $547 million. At this very moment, ETH is trading at $4,701, marking a 4.4% uptick in the last 24 hours. Not too shabby, huh?