Recently, the South Korean crypto market has shown remarkable dynamics. According to an analysis by CryptoQuant CEO Ki Young Ju, South Korean crypto whales are accumulating USDT in large quantities. Notably, on the Upbit exchange, the price of the USDT/KRW trading pair has seen a premium of about 3% compared to the official exchange rate, with the USDT price reaching 1,559 won. This level is close to the unofficial exchange rate during the 1998 IMF crisis, setting a new high in 26 years. This phenomenon may reflect an increased demand for stablecoins, which investors should closely monitor for future market trends and potential impacts.