[Data: South Korea's AI token trading share rose to 18.7% in May] Golden Finance reported that as AI hype permeates the cryptocurrency field, risk-loving Korean traders are making a big move into digital assets related to AI themes. Kaiko data shows that South Korea's AI tokens' share of global weekly trading volume rose 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 to AI services-the practicality of this combination has not yet been proven. Studies show that many Koreans are fascinated by both AI and cryptocurrencies. About 10% of the population has been exposed to tokens, and less volatile tokens (rather than market leaders Bitcoin and Ethereum) make up the bulk of local transactions. Kaiko said that since February, weekly trading volume of AI tokens has averaged $8 billion, up from an all-time low of $300 million in mid-2023. Meanwhile, data from the Korea Securities Depository showed that Nvidia and Microsoft ranked second and third, respectively, among the most popular overseas stocks among domestic investors this year.
