As artificial intelligence hype permeates the cryptocurrency space, risk-loving South Korean traders are moving aggressively into digital assets related to the AI ​​theme, ChainCatcher reported. Kaiko data shows that South Korean AI tokens’ share of global weekly trading volume has risen from a low of 0.6% in mid-2023 to 18.7% in May.

Such tokens are often issued by early-stage projects seeking to deploy blockchain technology for AI services, but the practicality of such a combination has yet to be proven. Research shows that many South Koreans are fascinated by both AI and cryptocurrencies, with about 10% of the population having been exposed to tokens.

Weekly trading volume for AI tokens has averaged $8 billion since February, up from an all-time low of $300 million in mid-2023. Nvidia Corp. and Microsoft Corp. ranked second and third, respectively, among the most popular overseas stocks among domestic investors this year, according to data from the Korea Securities Depository.