Samson Mow warns Korean retail-driven ETH rally will not end well

Samson Mow, CEO of the Bitcoin technology firm Jan3, has argued that the recent rally in Ethereum (ETH) is being driven by South Korean retail investors. He stated that buying pressure from this group is the only factor sustaining ETH's price, with an estimated $6 billion in South Korean retail capital supporting companies that purchase the asset. Mow also claimed that ETH-related influencers are traveling to South Korea specifically to market to these investors. Mow asserted that these investors are largely unaware of the ETH/BTC chart and believe they are buying into the next major strategic investment, a situation he warned will not end well. Mow is a former early Bitcoin developer and a well-known Bitcoin maximalist.