KRW Whales Accumulate USDT At 1998 IMF Crisis Level, Market Crash Ahead?

Quick Summary:

South Korea appeared to be moving towards an economic crisis, especially as the KRW whales shifted their focus towards the USDT stablecoin.

Notably, with the South Korean won (KRW) hitting a 15-year low against the dollar, concerns about a looming financial crisis have intensified.

The South Korean won recently fell to its weakest level in 15 years, trading at 1,448.9 per dollar.

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Article Details

Author / Journalist: Rupam Roy

Category: Crypto

Markets: IndiaSouth Korea

Topics: Market crash 24/7 Cryptocurrency News Korean Bank Bank of Korea

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-19 @ 11:23:22 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 499 words

Reading Time: 3 minutes read

Sentences: 44 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 24547832

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News Last Updated: 8 hours ago

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