The favorite of Korean aunties, $UXLINK, which has been dominating the UpBit rankings, suddenly dropped by 50%, leaving many Korean investors in the lurch.

The trading volume of cryptocurrencies in South Korea far exceeds that of the stock market, with about one-third of South Koreans trading coins.

$UXLINK is a token based on social concepts, having released a DAPP on various social media platforms, founded by Chinese individuals in Singapore, initially leveraging WeChat mini-programs.