Recently, a fascinating market phenomenon has been observed—many small tokens are falling or going to zero, but some projects are actually bucking the trend and rising. Behind the seemingly chaotic data, there are actually many underlying patterns.

I have always been paying attention to those altcoin projects that can break through the encirclement and establish independent trends. Upon closer inspection, a particularly obvious category is emerging: **domestic projects from South Korea**.

Why South Korean projects? Because several factors stack up: a nationwide culture of actively trading cryptocurrencies indeed exists, and the cohesion and participation of the Korean retail community are prominent. More importantly, domestic projects in Korea still generate wealth effects—not fleeting ones, but real profits that can be genuinely realized by participants.

Another point that cannot be ignored: the issuance of tokens in the Korean ecosystem has not yet been overplayed. This naturally grants Korean projects a level of trust. Retail investors still hold expectations of making money through long-term holding, which becomes a moat for Korean projects.

Rather than randomly experimenting among countless small tokens, it’s better to thoroughly understand: what kind of projects can build this kind of moat? The success logic of Korean projects is worth a deep dive.