Back from Korea. Have spoken to many korean users on the trip. Really great to meet the users of Based! We took on many product feedback or things that we could do better at based. But also i learnt something about the market sentiments in Korea

While the rest of the world is generally risk-off, Korean traders are still consistently risking on and trading assets. But they are not trading the majors mostly (unless they are LTF traders), but is mainly trading the newer launches

Sui, Aster and XPL are the most popular coins that I've been hearing all the time. There's many HYPE holders in Korea too (might be bias since i attended many Hyperliquid events)

ENA is popular. They had a stablecoin day, and ppl queued up in the rain to get to the event to meet the team. "ENA is the Luna that don't crash"

On the trip, MIRA was also talked about mostly - probably because it was launching on Upbit and Binance this week. Some talks of DeAI might be coming back

All in all, while most of the ppl around me in SG is touching grass and sidelined, there's a group of traders who are winning with the new launches. It shows its so important to be truly locked in regardless of market conditions.

I am too worried about macro and the fact that capital is seemingly flowing "away"from crypto. Unlike past cycles where ppl make money in crypto and bidded the next thing (either through defi or ventures), we just see nett outflows generally today. Generally the market should be down but there will always be a few runners and you have to rotate fast to get it.

Traders market now. Not a holders market.