CryptoQuant CEO Shares Insights About Korean Trader Habits on Twitter

• Korean traders seem to pump and dump tokens when withdrawals are suspended.
• The CryptoQuant CEO added that Korean traders now favor pumping and dumping altcoins.
• The global crypto market cap saw a 0.83% increase over the last day.

The CEO of CryptoQuant, Ki Young Ju, took to Twitter this morning to add to an old thread from 2021 about the habits of Korean traders when withdrawals are suspended. Back then, the CEO mentioned that Korean traders seemed to pump and dump tokens when withdrawals were suspended. He mentioned that market manipulators also emerge when this is the case.

Fun Fact 3.

Korean crypto traders love pumping & dumping altcoins, ironically. Got this clip from my Korean friend. pic.twitter.com/63Ewssu5VO

— Ki Young Ju (@ki_young_ju) March 30, 2023

In addition to this, Ki Young Ju stated that this likely happens because Korea has very strict capital controls, which subsequently block arbitrage opportunities between global exchanges. Adding to this problem, the CEO explained that the Korean government would make things even worse with the travel rule solution. He believed that this would only succeed in making Korean exchanges even more isolated…

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