Whales Control Over 90% of Trading on South Korea’s Crypto Exchanges, Data Shows

A new report reveals that large-scale investors, classified as “whales,” account for over 90% of trading on South Korea’s centralized exchanges. While on-chain data has long suggested that crypto whales drive the DeFi market, analysts have now released the first objective statistics. These statistics shed light on the scale and patterns of whale investors on centralized exchanges. Whales Dominate the Market in South Korea The office of lawmaker Lee Heon-seung of the People Power Party released the data on Tuesday source: https://beincrypto.com/korea-crypto-buying-power-driven-by-whales/