South Korean crypto holdings just hit a new milestone over ₩100 trillion ($70.5B) in domestic wallets as of December 2024, according to the Bank of Korea. That number’s now grown to around $73.4B, reflecting a noticeable surge in local HODLing interest.
At the same time, the market's been sending mixed signals. While big caps are trading sideways, altcoins like $PIXEL (+34%), MAGIC (+31%), and $AUDIO have quietly outperformed.
Meanwhile, the Bitcoin-to-Nasdaq ratio is sitting at 4.96, brushing up against its all-time high of 5.08. Historically, each cycle has pushed this ratio higher a sign that Bitcoin continues to outpace tech equities. Since Trump’s win in November 2024, BTC is up 30%, while Nasdaq is down 12%.
For those that seem to ape the volatile period, the INIT airdrop is live 150 winners on BingX, up to $500 USDT each, with extra rewards for new spot traders. Just don’t forget your UID. Events come and go, but if this cycle’s telling us anything, it’s that crypto’s global footprint is only getting stronger. Also, there is an ongoing INIT Launchpool on Binance.
