Alibaba founder's company has invested in another Ethereum-based project, signaling continued interest in blockchain technology. This move highlights the growing influence of major Asian investors in the crypto space. In a related development, South Korean crypto whales now account for 91% of the market, underscoring their significant impact on market dynamics. This concentration of wealth among a few large holders could influence price movements and market stability.
Alibaba Founder Backs New Ethereum Project; South Korean Whales Dominate Market
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