SORAN is a quick digest of what Korean Telegram communities are talking about right now.
TOP STORY
Whale Trade History Exposed, AI Trading Bot Rush
Chat rooms went wild over whale trading data leak. A 1.4M-row Excel file (600MB) from March 2018 to December 2021 went public, with claims of 14.4 BTC total inflow, 3,537 BTC realized P&L, and 24,400% returns. Multiple trading groups raced to build AI-powered trading bots to analyze the data. Paid bot ads popped up fast, but the whale banned misuse—observers note that psychology, conviction, and narrative-building skill were the real edge, not just buy-low-sell-high mechanics.
Unverified historical data treated as a silver bullet. Unreplicability plus suspected wallet drainer cases abound—stay wary of bots and links.
Ethereum Underperforms, Relative Strength Stumbles vs BTC
Every room complains Ethereum lags. ETH rose 74.6% in Q3 but misses this BTC rally; posts plead 'save Ethereum.' Multicoin co-founder noted Ethereum's real users trail Solana far behind, adding to bearish sentiment.
Crypto Tax Policy On Hold, Regulatory Uncertainty Ahead
Tax talk in wait mode. Rep. Min Byung-duk's comment that crypto tax prep isn't ready repeats across rooms; consensus leans toward deferral since digital asset law debates in November subcommittee before passage. Mandatory tax starting January seen as premature—no infrastructure ready. ↗ n.news.naver.com
RWA & Stock Tokenization Infrastructure Race
Real-world asset tokenization (RWA) infrastructure competition taking shape. SEC innovation exemption means equity token trading platforms launch in earnest Q4. Morpho integrating DTCC, Sky strengthening RWA collateral, Uniswap V4 expanding cross-chain. XRP's RLUSD gaining institutional traction, Concrete on Coinbase listing roadmap hosting community events. Legacy Layer 1s jumping in too. ↗ coinness.com
Hyperliquid Ecosystem Airdrop & Points Hopes Reignite
Hyperliquid airdrop expectations back in every room. About 40% of total supply remains for future rewards and community—more than staking alone can unlock, goes the claim. Founder Jeff's track record fuels mega-airdrop predictions. Plus pvp.trade acquired Hyperdash and will issue new points via HIP-3/HIP-4, layering hopes that Veluna and PAID farmers plus two-year point accumulators get extra distributions. ↗ x.com
USDe Flash Depeg, Stablecoin Trust Under Review
USDe dropped to $0.92 on Binance before recovering to $0.9996, re-raising stablecoin confidence questions. Coincided with infra wallet upgrades but no direct link confirmed. As traders posting fast gains cheered, funding-loop traders grew nervous. Ethena-collateral-dependent stablecoins' risk resurfaced, driving some to USDC pairs or cheaper chains like Arbitrum and Plasma. ↗ x.com
Korean Won Strength, Kimchi Premium Flips Negative
Kimchi premium swung to negative 1.7% and USD/KRW bounced between 1,358–1,374, fueling consensus that domestic retail sells while overseas whales buy. Both recent sharp bounces, including BTC's $82K break, led from overseas, rooms cite as evidence.
KBW 2026 Promo Blitz Ahead
With KBW 2026 coming, promotions erupting all at once. Multipli (Platinum Sponsor, Coinbase listing expected), PancakeSwap (ticket discount), VERONA (booth) and others run airdrops and events in parallel while rooms share entry chances.
Prediction Market Growth Narrative Expands
Prediction market growth narrative widening. Polymarket prepping EU entry, Robinhood CEO sees crypto derivatives outpacing sports betting, Bernstein projects 2035 prediction market volume at $10 trillion. ↗ coinness.com