Overview

• Samson Mow claims roughly $6 billion from South Korean retail investors is propping up Ethereum-focused treasury companies and warns the dynamic may end poorly.
• Data cited from the Strategic ETH Reserve show 67 entities hold about 5.49 million ETH, or roughly 4.5% of supply, with BitMine alone exceeding 2.5 million ETH.
• The ETH Kimchi premium climbed to about 1.93 on October 5, signaling stronger demand on Korean venues than on global markets.
• Korean platforms such as Upbit and Bithumb feature heavy Ether trading activity, including substantial futures volume that can influence price.
• Skeptics highlight ETH’s underperformance versus Bitcoin and question retail-driven support, while counterpoints note ongoing corporate accumulation and recent record US spot ETH ETF inflows of about $547 million.