Odaily Planet Daily News: As artificial intelligence hype permeates the cryptocurrency space, risk-loving Korean traders are heavily involved in digital assets related to the AI theme. Kaiko data shows that the share of Korean AI tokens in global weekly trading volume has risen from a low of 0.6% in mid-2023 to 18.7% in May 2024. Such tokens are often issued by early-stage projects seeking to deploy blockchain technology to AI services - the practicality of this combination has not yet been proven. Research shows that many Koreans are fascinated by both AI and cryptocurrencies. About 10% of the population has been exposed to tokens, and the main currencies traded locally are less volatile tokens (rather than Bitcoin and Ethereum). Kaiko said that since February, the average weekly trading volume of Korean AI tokens has been $8 billion, far higher than the historical low of $300 million in mid-2023. Meanwhile, data from the Korea Securities Depository shows that Nvidia and Microsoft ranked second and third, respectively, among the most popular overseas stocks among Korean investors this year. (Bloomberg)
