How Did the “Zombie Coin” Suddenly Come Back to Life?
Wasn't it supposed to be a bull market where "new projects are hot, old projects are not"? What is XLM? And what about HBAR? I've never even heard of these coins, yet they are mysteriously surging in price?
What Are Korean Moms Buying?
Who is actually buying these "zombie coins"? In short: "institutional buying pressure" led by the United States and "retail buying pressure" led by Japan and South Korea. The institutional buying pressure from the U.S. is well known, but let's take a look at the data from neighboring South Korea.
According to a report by a South Korean media outlet naver.news, on the active crypto exchanges in Korea, Upbit and Bithumb, the number of users over the age of 60 has increased by 30.4% compared to the previous bull market, reaching 770,000 accounts. Moreover, considering the wealth distribution in Korea, the elderly collectively hold 6.76 trillion Korean Won in cryptocurrency assets, with an average investment of about 8.72 million Korean Won per person. At the same time, the amount of money held in Korean banks has hit a new low, decreasing by 26.95 trillion Korean Won since the end of June. It seems like Koreans are withdrawing money from banks to "hoard" and buy coins.
Below is the trading volume list from Upbit in Korea, where you'll find BTC being just a "little brother" in this ranking. XRP's trading volume is over 10 times that of BTC, and projects like XLM (Stellar) and HBAR (Hedera), which are rarely seen in the Chinese-speaking community, are also "famous" on the list.

XRP
One of Ripple's flagship products is RippleNet, which is a global payment network connecting banks and payment providers to facilitate secure and near-instant cross-border transactions. Ripple's technology includes its Interledger Protocol (ILP), designed to reduce settlement times and significantly lower transaction costs, enhancing financial institutions' transparency and liquidity management. Furthermore, Ripple plans to issue stablecoins in the future, which could be a huge potential catalyst for its growth.
Upbit 24h Trading Volume: $55.57 billion
Binance 24h Trading Volume: $56.27 billion
HBAR (Hedera Hashgraph)
Hedera Hashgraph utilizes a novel algorithm called Hashgraph consensus to achieve high levels of scalability, security, and fairness. The platform aims to create and deploy decentralized applications (dApps) and services across various industries ranging from finance and supply chain management to gaming and social networks. Unlike traditional blockchains, Hedera Hashgraph adopts a Directed Acyclic Graph (DAG) structure to enable rapid and efficient consensus among network participants, resulting in fast transaction speeds and minimal energy consumption.
Upbit 24-hour Trading Volume: $12.24 Billion
Binance 24-hour Trading Volume: $12.97 Billion
XLM (Stellar)
The core of the Stellar network is the Lumens (XLM) cryptocurrency, which acts as a bridge asset facilitating seamless value exchange between different currencies, promoting cross-border transactions. Lumens also play a crucial role in preventing spam attacks, ensuring the security and reliability of the Stellar network. In addition to its payment functionality, Stellartron strongly supports micropayments and facilitates the issuance of digital assets through its decentralized exchange feature.
Upbit 24-hour Trading Volume: $12.64 Billion
Binance 24-hour Trading Volume: $7.36 Billion
ENS
ENS stands for Ethereum Name Service, providing a domain name service for Ethereum akin to how we access internet information through domain names today. Built on Ethereum, ENS enables users to purchase secure, private, censorship-resistant .eth domain names that can be used to link to cryptocurrency wallet addresses or other information stored on Web3 infrastructure. The ENS token has previously experienced price pumps due to endorsements by Vitalik Buterin, and in line with Vitalik's "aesthetic," retail investors in South Korea also have a fondness for ENS.
Upbit 24-hour Trading Volume: $8.41 Billion
Binance 24-hour Trading Volume: $1.66 Billion
SAND
Sandbox is a metaverse gaming platform on Ethereum, where users can create, share, and play with crypto assets. Sandbox has been relatively overlooked by the market recently, but Sand has become a favorite among Korean retail investors, with daily price surges exceeding 60% multiple times and a 24-hour trading volume double that of Binance.
Upbit 24-hour Trading Volume: $5.82 Billion
Binance 24-hour Trading Volume: $2.67 Billion
The Retail Investors' Battle Behind Wall Street: Unpacking the Launch Logic of Bull Market 2.0
However, it's not just about the old coins; there are also many compliant coins (including the ones mentioned above: XRP, HBAR, XLM). These coins share several commonalities: retail investors hardly pay attention to them, they were in a downtrend or consolidation phase before November 5, and they experience direct significant price surges without providing an opportunity to get on board beforehand. So why are these coins specifically chosen?
To understand these, we first need to clarify the underlying logic of this bull market.
This bull market mainly follows the United States. The Chinese information on Web3 actually exists in an "information silo." Many people do not know what happened in the United States, Japan, and Korea (which follows the U.S. market).
The start of this bull market and the logic of the first half of this year are fundamentally different. The first half of the year was a bull market driven by ETF positives, where the market followed meme and AI hype. Therefore, it was "hot coins" > others; the second half of the year is the compliance bull with the rise of knowledgeable insiders. Hence, the hype is around compliant assets, "compliant coins" > "hot coins" > others. The tokens that surged this time mainly comply with the ISO 20022 compliance standard.
ISO 20022 is the standard for electronic data interchange between financial institutions, covering financial information exchanged between financial institutions. ISO 20022 is more advanced than the traditional formats used by banks because it supports a larger amount of data and faster processing speed, making it very suitable for fast payments.
If a token complies with ISO 20022, it will be prioritized for international payments.
IOTA
The IOTA token is the native digital currency of the IOTA network, used to facilitate transactions and data transfer within the Tangle. Its feeless nature eliminates barriers to microtransactions, making it ideal for microtransactions in IoT scenarios. IOTA's focus on scalability, security, and seamless transactions aligns with its vision to become the foundational technology of the rapidly growing IoT industry.
Upbit 24h Trading Volume: $321 million
Binance 24h Trading Volume: $181 million
ALGO
Algorand focuses on scalability, low transaction fees, and fast confirmation times, making it suitable for a variety of applications, including financial services, decentralized finance (DeFi), and asset tokenization. One of Algorand's key innovations is its proprietary consensus mechanism, namely Pure Proof-of-Stake (PPoS), which enables fast transaction confirmation times while maintaining a high level of decentralization.
Upbit 24h Trading Volume: $388 million
Binance 24h Trading Volume: $317 million
ADA
Cardano (ADA) is a blockchain platform designed to provide a secure and scalable infrastructure for developing decentralized applications (dApps) and smart contracts. Cardano is developed using a research-driven approach, focusing on scalability, sustainability, and interoperability to address the limitations of existing blockchain technology.
Upbit 24-hour Trading Volume: $5.34 Billion
Binance 24-hour Trading Volume: $11.22 Billion
When Will the Bull Market End
However, when these coins skyrocket by 5 times, when will it all come to an end? Perhaps the answer lies behind the Korean Mom. Based on Upbit Altcoin's daily trading volume data, it can be seen that the recent volume has reached the peak of the March mini bull run. The daily trading volume of Upbit Altcoin can be seen as a signal indicator of bull market FOMO.

The bull market is a grand retreat, and when even the Korean Mom is caught up in FOMO, it often signifies a temporary peak.
You may also like

WEEX LALIGA Partnership 2026: Where Football Excellence Meets Crypto Innovation
WEEX becomes official crypto exchange partner of LALIGA in Hong Kong and Taiwan. Discover how this partnership brings together football excellence and trading discipline.

AI Apocalypse, a massive short squeeze

The "Second Truth" of the Luna Crash: Jane Street Exits Ahead of Plunge

Jane Street Market Manipulation, Stripe Considering Acquiring PayPal, What's the Overseas Crypto Community Talking About Today?
WEEX × LALIGA 2026: Trade Crypto, Take Your Shot & Win Official LALIGA Prizes
Unlock shoot attempts through futures trading, spot trading, or referrals. Turn match predictions into structured rewards with BTC, USDT, position airdrops, and LALIGA merchandise on WEEX.

a16z: Why Do AI Agents Need a Stablecoin for B2B Payments?

February 24th Market Key Intelligence, How Much Did You Miss?

Web4.0, perhaps the most needed narrative for cryptocurrency

Some Key News You Might Have Missed Over the Chinese New Year Holiday

Key Market Information Discrepancy on February 24th - A Must-Read! | Alpha Morning Report

$1,500,000 Salary Job: How to Achieve with $500 AI?

Bitcoin On-Chain User Attrition at 30%, ETF Hemorrhage at $4.5 Billion: What's Next for the Next 3 Months?

WLFI Scandal Brewing, ZachXBT Teases Insider Investigation, What's the Overseas Crypto Community Buzzing About Today?

Debunking the AI Doomsday Myth: Why Establishment Inertia and the Software Wasteland Will Save Us
Editor's Note: Citrini7's cyberpunk-themed AI doomsday prophecy has sparked widespread discussion across the internet. However, this article presents a more pragmatic counter perspective. If Citrini envisions a digital tsunami instantly engulfing civilization, this author sees the resilient resistance of the human bureaucratic system, the profoundly flawed existing software ecosystem, and the long-overlooked cornerstone of heavy industry. This is a frontal clash between Silicon Valley fantasy and the iron law of reality, reminding us that the singularity may come, but it will never happen overnight.
The following is the original content:
Renowned market commentator Citrini7 recently published a captivating and widely circulated AI doomsday novel. While he acknowledges that the probability of some scenes occurring is extremely low, as someone who has witnessed multiple economic collapse prophecies, I want to challenge his views and present a more deterministic and optimistic future.
In 2007, people thought that against the backdrop of "peak oil," the United States' geopolitical status had come to an end; in 2008, they believed the dollar system was on the brink of collapse; in 2014, everyone thought AMD and NVIDIA were done for. Then ChatGPT emerged, and people thought Google was toast... Yet every time, existing institutions with deep-rooted inertia have proven to be far more resilient than onlookers imagined.
When Citrini talks about the fear of institutional turnover and rapid workforce displacement, he writes, "Even in fields we think rely on interpersonal relationships, cracks are showing. Take the real estate industry, where buyers have tolerated 5%-6% commissions for decades due to the information asymmetry between brokers and consumers..."
Seeing this, I couldn't help but chuckle. People have been proclaiming the "death of real estate agents" for 20 years now! This hardly requires any superintelligence; with Zillow, Redfin, or Opendoor, it's enough. But this example precisely proves the opposite of Citrini's view: although this workforce has long been deemed obsolete in the eyes of most, due to market inertia and regulatory capture, real estate agents' vitality is more tenacious than anyone's expectations a decade ago.
A few months ago, I just bought a house. The transaction process mandated that we hire a real estate agent, with lofty justifications. My buyer's agent made about $50,000 in this transaction, while his actual work — filling out forms and coordinating between multiple parties — amounted to no more than 10 hours, something I could have easily handled myself. The market will eventually move towards efficiency, providing fair pricing for labor, but this will be a long process.
I deeply understand the ways of inertia and change management: I once founded and sold a company whose core business was driving insurance brokerages from "manual service" to "software-driven." The iron rule I learned is: human societies in the real world are extremely complex, and things always take longer than you imagine — even when you account for this rule. This doesn't mean that the world won't undergo drastic changes, but rather that change will be more gradual, allowing us time to respond and adapt.
Recently, the software sector has seen a downturn as investors worry about the lack of moats in the backend systems of companies like Monday, Salesforce, Asana, making them easily replicable. Citrini and others believe that AI programming heralds the end of SaaS companies: one, products become homogenized, with zero profits, and two, jobs disappear.
But everyone overlooks one thing: the current state of these software products is simply terrible.
I'm qualified to say this because I've spent hundreds of thousands of dollars on Salesforce and Monday. Indeed, AI can enable competitors to replicate these products, but more importantly, AI can enable competitors to build better products. Stock price declines are not surprising: an industry relying on long-term lock-ins, lacking competitiveness, and filled with low-quality legacy incumbents is finally facing competition again.
From a broader perspective, almost all existing software is garbage, which is an undeniable fact. Every tool I've paid for is riddled with bugs; some software is so bad that I can't even pay for it (I've been unable to use Citibank's online transfer for the past three years); most web apps can't even get mobile and desktop responsiveness right; not a single product can fully deliver what you want. Silicon Valley darlings like Stripe and Linear only garner massive followings because they are not as disgustingly unusable as their competitors. If you ask a seasoned engineer, "Show me a truly perfect piece of software," all you'll get is prolonged silence and blank stares.
Here lies a profound truth: even as we approach a "software singularity," the human demand for software labor is nearly infinite. It's well known that the final few percentage points of perfection often require the most work. By this standard, almost every software product has at least a 100x improvement in complexity and features before reaching demand saturation.
I believe that most commentators who claim that the software industry is on the brink of extinction lack an intuitive understanding of software development. The software industry has been around for 50 years, and despite tremendous progress, it is always in a state of "not enough." As a programmer in 2020, my productivity matches that of hundreds of people in 1970, which is incredibly impressive leverage. However, there is still significant room for improvement. People underestimate the "Jevons Paradox": Efficiency improvements often lead to explosive growth in overall demand.
This does not mean that software engineering is an invincible job, but the industry's ability to absorb labor and its inertia far exceed imagination. The saturation process will be very slow, giving us enough time to adapt.
Of course, labor reallocation is inevitable, such as in the driving sector. As Citrini pointed out, many white-collar jobs will experience disruptions. For positions like real estate brokers that have long lost tangible value and rely solely on momentum for income, AI may be the final straw.
But our lifesaver lies in the fact that the United States has almost infinite potential and demand for reindustrialization. You may have heard of "reshoring," but it goes far beyond that. We have essentially lost the ability to manufacture the core building blocks of modern life: batteries, motors, small-scale semiconductors—the entire electricity supply chain is almost entirely dependent on overseas sources. What if there is a military conflict? What's even worse, did you know that China produces 90% of the world's synthetic ammonia? Once the supply is cut off, we can't even produce fertilizer and will face famine.
As long as you look to the physical world, you will find endless job opportunities that will benefit the country, create employment, and build essential infrastructure, all of which can receive bipartisan political support.
We have seen the economic and political winds shifting in this direction—discussions on reshoring, deep tech, and "American vitality." My prediction is that when AI impacts the white-collar sector, the path of least political resistance will be to fund large-scale reindustrialization, absorbing labor through a "giant employment project." Fortunately, the physical world does not have a "singularity"; it is constrained by friction.
We will rebuild bridges and roads. People will find that seeing tangible labor results is more fulfilling than spinning in the digital abstract world. The Salesforce senior product manager who lost a $180,000 salary may find a new job at the "California Seawater Desalination Plant" to end the 25-year drought. These facilities not only need to be built but also pursued with excellence and require long-term maintenance. As long as we are willing, the "Jevons Paradox" also applies to the physical world.
The goal of large-scale industrial engineering is abundance. The United States will once again achieve self-sufficiency, enabling large-scale, low-cost production. Moving beyond material scarcity is crucial: in the long run, if we do indeed lose a significant portion of white-collar jobs to AI, we must be able to maintain a high quality of life for the public. And as AI drives profit margins to zero, consumer goods will become extremely affordable, automatically fulfilling this objective.
My view is that different sectors of the economy will "take off" at different speeds, and the transformation in almost all areas will be slower than Citrini anticipates. To be clear, I am extremely bullish on AI and foresee a day when my own labor will be obsolete. But this will take time, and time gives us the opportunity to devise sound strategies.
At this point, preventing the kind of market collapse Citrini imagines is actually not difficult. The U.S. government's performance during the pandemic has demonstrated its proactive and decisive crisis response. If necessary, massive stimulus policies will quickly intervene. Although I am somewhat displeased by its inefficiency, that is not the focus. The focus is on safeguarding material prosperity in people's lives—a universal well-being that gives legitimacy to a nation and upholds the social contract, rather than stubbornly adhering to past accounting metrics or economic dogma.
If we can maintain sharpness and responsiveness in this slow but sure technological transformation, we will eventually emerge unscathed.
Source: Original Post Link

Have Institutions Finally 'Entered Crypto,' but Just to Vampire?

A $2 Trillion Denouement: The AI-Driven Global Economic Crisis of 2028

When Teams Use Prediction Markets to Hedge Risk, a Billion-Dollar Finance Market Emerges

Cryptocurrency Market Overview and Emerging Trends
Key Takeaways Understanding the current state of the cryptocurrency market is crucial for investors and enthusiasts alike, providing…
WEEX LALIGA Partnership 2026: Where Football Excellence Meets Crypto Innovation
WEEX becomes official crypto exchange partner of LALIGA in Hong Kong and Taiwan. Discover how this partnership brings together football excellence and trading discipline.
AI Apocalypse, a massive short squeeze
The "Second Truth" of the Luna Crash: Jane Street Exits Ahead of Plunge
Jane Street Market Manipulation, Stripe Considering Acquiring PayPal, What's the Overseas Crypto Community Talking About Today?
WEEX × LALIGA 2026: Trade Crypto, Take Your Shot & Win Official LALIGA Prizes
Unlock shoot attempts through futures trading, spot trading, or referrals. Turn match predictions into structured rewards with BTC, USDT, position airdrops, and LALIGA merchandise on WEEX.