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The term "Kimchi Coin" is a portmanteau of "Kimchi," which symbolizes Korea, and "Coin," for cryptocurrency. It primarily refers to a cryptocurrency that was either developed in Korea or has a very high percentage of Korean investors. While it can have the neutral meaning of a "Korean-made coin," it is also often used as a critical term for a coin that relies more on speculative popularity in the domestic market than on its technology or real-world use cases.