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jolon

48% of Ripple being purchased with Korean Won

Short
XRP (BITSTAMP:XRPUSD)  
jolon Updated   
BITSTAMP:XRPUSD   XRP
Fundamental Analysis
4
4
fundamental
Ripple price is soaring, why? According to CoinMarketCap 48% of Ripple trades in the last 24 hours were with Korean Won.

In addition Korean Won trades are at a 36% premium to other trades (up from 28% this morning). It's fairly clear the Koreans are pumping Ripple. What will happen when it ends?

Korean Won trades are $4.30 vs $3.20.
Comment:
Has dropped to 42% of trades being in Korean Won. However Koreans are now paying a 48% price premium.

Koreans paying $4 vs $2.70. Why are they so keen?

Since Novogratz's tweet everyone has realised Ripple is overpriced except for the Koreans!
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