Dogecoin Surges in Korea Amid Musk and Trump Influence
Dogecoin (DOGE) has surged 116% over the past week, leading to a significant trading frenzy in South Korea, where the 'Kimchi Premium' has re-emerged. This premium refers to the price gap between South Korean and global exchanges, with DOGE trading higher on Korean platforms like Upbit and Bithumb compared to Binance. The memecoin's trading volume has spiked, with Upbit accounting for 20.7% of global DOGE trades. Analysts suggest DOGE could reach new all-time highs, potentially hitting the $1 mark soon.