The South Korean stock market plummeted, retail funds flowed back into cryptocurrency, with Upbit's trading volume surging by 436% in a single day

The South Korean stock market continues its downward trend for nearly a week, once again experiencing a circuit breaker led by Samsung and SK Hynix. The continuous decline in the stock market seems to have started to deter South Korean retail investors, with a noticeable phenomenon of funds flowing back into the cryptocurrency market.

According to Coingecko data, the largest CEX in South Korea, Upbit, has a trading volume of $4.12 billion in the last 24 hours, an increase of 436%. The top 5 cryptocurrencies by trading volume on this CEX are: Bitcoin, XRP, ETH, T, and BLAST.