South Korean crypto traders saw a notable price surge for Bitcoin and other altcoins on May 19th, resulting in a 1% premium known as the ‘Kimchi Premium’. According to data from Upbit, Bitcoin (BTC) traded at 148.83 million KRW at 12:00 AM KST, marking a gain of 1.55% compared to the previous day. The price gap on global exchange Binance further highlighted this trend with BTC valued at 147.15 million KRW, resulting in a Kimchi Premium of 1.14%. Ethereum (ETH) followed suit with a 1.06% Kimchi Premium. Notably, major altcoins like Solana (SOL), XRP (XRP), Dogecoin (DOGE), and Shiba Inu (SHIB) also displayed similar levels of premium: 1.12%, 1.13%, 1.13%, and 1.25% respectively. Most top-ranked altcoins currently trade with a 1% to 1.2% Kimchi Premium.