A South Korean lawmaker's cryptocurrency holdings have soared more than a thousand times in seven years."
According to online reports, according to "Pioneer Economy", Kim Hong-soo, a councilor from Gangneung City in Gangwon Province, South Korea, has soared more than 1000 times in seven years. In 2018, the local councilor purchased 195,555 OES tokens and 240,000 Donocle tokens at a unit price of 23 won (approximately US$0.016), with a total investment of 10 million won (approximately US$6800). Although these digital assets, which are currently valued at 12.9 billion won (approximately US$8.8 million), can be traded on the decentralized exchange Uniswap, reports point out that they are extremely low in liquidity and are difficult to realize. Senator Kim still holds these tokens purchased seven years ago, but the lack of market depth may affect the realization of their final earnings.
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.