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Nvidia-loving South Korean crypto traders gobble up risky AI tokens
Risk-loving South Korean traders are accumulating digital assets related to the theme artificial intelligence as AI hype seeps into cryptocurrencies.
South Korea’s share of weekly global trading volumes for AI tokens rose to 18.7% in May from a low of 0.6% in mid-2023, Kaiko data shows. Such tokens are typically issued by early-stage projects seeking to implement blockchain technology for artificial intelligence services, a combination whose usefulness remains unproven.