The number of cryptocurrency millionaires in South Korea with holdings of over 1 billion KRW has reached approximately 18,000, with an average holding value per user on the top five platforms of 10.27 million KRW.

BlockBeats News, August 24th, according to Yonhap News Agency, the number of South Korean crypto whales holding over 1 billion KRW has reached approximately 18,000. The average holdings of this group of users have reached 2.228 billion KRW, which is over 200 times the average holdings per user (10.27 million KRW) of the top five exchanges in South Korea.

Looking at the distribution across age groups, those holding over 1 billion KRW in cryptocurrency are mostly in their 50s (3,994 people), followed by those in their 40s (3,086 people), those over 60 years old (2,426 people), and those in their 30s (1,167 people). Among them, there are 137 young whales in their 20s. About 76% of the whales (8,242 people) are Upbit users, far exceeding Upbit's 52% share among the top five exchanges.