According to @lookonchain, Korean investors have continued to accumulate PENGU, with an additional 86.27 million PENGU, valued at $3.57 million, flowing into Upbit in the past 24 hours. Over the past seven days, the net inflow to Upbit has reached 309 million PENGU, totaling $12.8 million. This strong accumulation trend indicates heightened trading interest and potential upward price pressure on PENGU, making it a key token to watch for short-term traders. Source: @lookonchain via solscan.io.

According to Fox News, South Korea is entering a high-stakes election where voter concerns are dominated by geopolitical tensions involving China, North Korea, and US relations (source: Fox News, June 1, 2025). This political uncertainty is influencing local cryptocurrency trading volumes, as traders react to potential shifts in regulatory policy and cross-border financial flows. Historically, South Korean elections with elevated geopolitical risk have led to increased volatility in Bitcoin and altcoin prices on domestic exchanges, as investors seek safe-haven assets and hedge against won fluctuations (source: Fox News, June 1, 2025). Market participants should monitor developments closely, as policy outcomes could directly affect capital controls, crypto taxation, and foreign investment inflows.