📉  The sponsor of the current correction is reportedly the South Korean regulator.

🇰🇷 According to local media sources, the regulator will review 600 altcoins for compliance with regulatory requirements.

What are Koreans doing?
Right, they're dumping their coins)

In January 2018, Korea also caused an altcoin dump when it announced that the Ministry of Justice of South Korea was preparing a law to ban cryptocurrency trading. Over time, we got a powerful bull market.

And essentially, the situation isn't changing much now - we'll get a bull market sooner or later 📈