Matrixport's latest data shows that South Korea, as one of the most active retail cryptocurrency markets in the world, ranked only sixth and seventh in trading volume for Ethereum and Bitcoin respectively over the past 24 hours, while trading volumes for cryptocurrencies such as Sand, XRP, XLM, and Doge significantly outpaced them. This phenomenon reveals a shift in the trading preferences of retail investors, especially against the backdrop of Bitcoin's price approaching $100,000, where retail investors are more inclined to choose assets with greater upward potential in pursuit of higher return elasticity.

More notably, some data indicates that the cryptocurrency trading volume of South Korean retail investors has surpassed that of the local stock market. This marks a generational shift, with traditional stock investors being replaced by a new generation of cryptocurrency retail investors. This trend may continue to spread globally, warranting close attention from market participants.