[Market] Domestic Coins Also Plunge in Response to Suspension Order...KAIA -20%

Uk Jin

Summary

President Yoon Seok-yeol's suspension order reportedly caused a plunge in the domestic cryptocurrency market.
In particular, KAIA reportedly recorded a 20.25% drop in just one day to 0.33 dollars.
Other major assets like Wemix, Hippocrat, and MediBloc reportedly could not avoid sharp declines.

*KAIA experienced a sharp overnight decline and has not recovered. /Photo=CoinMarketCap Capture*

The previous night, President Yoon Seok-yeol announced a suspension order, causing domestic cryptocurrencies (altcoins) to experience significant declines.

At 9:11 AM on the 4th, KAIA recorded a 20.25% drop to 0.33 dollars compared to the previous day based on CoinMarketCap.

KAIA is a representative domestic cryptocurrency known for its blockchain project with Klaytn and Finshia. In addition, Wemix (WEMIX), Hippocrat (HPO), MediBloc (MED), dKargo (DKA), and Paycoin (PCI) also experienced significant declines or sharp overnight drops.

President Yoon Seok-yeol announced a full-scale suspension order at 10:24 PM the previous day. Following this, around 6 hours later, at dawn on the 4th, he declared the suspension lifted in response to the National Assembly's request.