Bloomberg: South Korean retail investors buy $450M worth of Circle stock so far this month

South Korean retail investors have bought almost $450 million worth of Circle (CRCL) stock so far in June, CoinDesk reported, citing Bloomberg. This has brought Circle into the most heavily bought overseas stock this month and one of the top four stocks year-to-date. Before then, South Korean investors had invested aggressively in highly volatile assets such as Ripple (XRP) and Dogecoin (DOGE), sparking the ‘“Kimchi premium.” Therefore, the current buying craze in Circle shares could also result in a similar outcome, according to the news outlet.