Korean retail investors shift $657 million from Tesla to cryptocurrency firms

Korean retail investors, known as “Seohak ants,” sold off a massive ₩916.3 billion (approximately USD 657 million) worth of Tesla shares in August and shifted their investments toward cryptocurrency-related companies. The funds were funneled primarily into U.S.-listed crypto firms such as Coinbase and Circle, a move that has also sparked growing interest in coins scheduled to be listed on Coinbase.Coinbase is the largest cryptocurrency exchange in the United States and the first virtual asset company to be ...