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This morning I asked a few Korean guys, and their reasons were quite straightforward. Besides high volatility stocks, cryptocurrencies, and the boss being an internet celebrity, the main point is that among all the popular micro-strategies in North America, except for BMNR, there isn't a single Asian owner!
This has led to: Korean descent + ethnic sentiment + media-driven market trends. This has only briefly appeared in the past history with ICON and LUNA.
Additionally, since BMNR has become the largest ETH reserve institution, the community interprets it as Ethereum being held and controlled by BMNR.
I never expected that market trends driven by ethnic sentiment would have such a significant impact.
The last words from the guy: Ethereum belongs to Korea.

11.8. klo 23.24
I know roughly what is going on.
Tom Lee, the big promoter of this wave of ETH, is of Korean descent. Tom Lee himself is an Internet celebrity in the stock industry, and he later became the chairman of the ETH microstrategy BMNR.
In the end, after the three factors of high-volatility stocks, cryptocurrencies, and Korean influencers, BMNR and Tom Lee, now in South Korea, are comparable to the founders of LUNA back then.
Therefore, this wave of ETH also indirectly has Korean buddies, who are frantically boosting, historically, what the Korean buddies are hot about, which will rise rapidly.
This can be referenced to Luna in the last round and XRP in this round, and now it is rotated to BMNR and ETH.

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