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The crypto assets held by a certain South Korean lawmaker soared over k times in seven years.
[A South Korean lawmaker’s cryptocurrency holdings surged over a thousand times in seven years] According to the “Herald Economy,” Kim Hong-soo, a city council member from Gangneung, Gangwon Province, South Korea, saw his crypto assets rise more than 1000 times in seven years. The local lawmaker purchased 195,555 OES Tokens and 240,000 Donocle Tokens in 2018 at a price of 23 won each (approximately $0.016), with a total investment of 10 million won (about $6,800). These digital assets are now valued at 12.9 billion won (about $8.8 million). Although they can be traded on the DEX Uniswap, the report indicates that their liquidity is extremely low, making actual realization difficult. Lawmaker Kim still holds these tokens purchased seven years ago, but insufficient market depth may affect the final realization of his profits.