TLDR
- CPOOL soared over 91% after being listed on both Upbit and Bithumb.
- Daily trading volume for CPOOL spiked 1,435.90% to hit $69 million.
- Upbit accounted for nearly 26% of CPOOL’s total trading volume.
- Clearpool resumed its buyback program using revenue from its ecosystem.
Clearpool’s native token, CPOOL, surged over 90% after it was listed on two major South Korean exchanges, Upbit and Bithumb. The dual listing triggered a wave of trading activity, pushing the token to its highest price in two months. Investors responded quickly as both platforms opened trading at 16:30 KST, with Upbit driving the majority of the volume. The price later corrected but remained higher than pre-listing levels.
Dual Listings on Upbit and Bithumb Fuel Price Increase
On October 22, Clearpool’s CPOOL token began trading on South Korea’s Upbit and Bithumb exchanges. The listings provided access to South Korean retail and institutional traders, with Upbit offering trading pairs in KRW, BTC, and USDT.
The trading launch saw strong activity, particularly on Upbit. The token’s price jumped from $0.104 to $0.199 during the initial trading hours. This marked a gain of more than 91% before a price correction followed. Bithumb listed CPOOL only in the KRW pair, with a reference price of 143.226 KRW and a temporary fee-free trading window ending on October 24 at 17:00 KST.
Upbit followed its usual policy by restricting trades to limit orders for the first two hours. The exchange also published the contract address for CPOOL to avoid confusion or incorrect transactions.
Trading Volume Spikes Following the Announcements
Alongside the price increase, CPOOL’s daily trading volume rose sharply. According to CoinGecko data, the volume jumped 1,435.90% to reach $69 million within the day. Upbit was responsible for nearly 26% of this figure, showing strong demand from its user base.
The rapid rise in activity shows the growing attention Clearpool is receiving from South Korean traders. Although Bithumb’s listing produced a smaller price reaction, it still contributed to increased visibility and access.
While the token later dropped to around $0.131, it remained nearly 30% higher than its price before the listings. This price level had not been reached since August, indicating renewed interest in the asset.
Buyback Program Resumes to Support Price Stability
Clearpool also resumed its official token buyback program during the same period. The protocol confirmed that funds from various ecosystem products will be used to purchase CPOOL from the open market.
According to a Clearpool statement, “The program will utilize revenue generated from recent quarters across the full Clearpool ecosystem, including Dynamic Pools, Clearpool Prime, Credit Vaults, and the USDX T-Pool.”
Buybacks are often used to manage token supply and reinforce confidence in a project. The timing of this program, coinciding with the exchange listings, helped strengthen market sentiment and reduce selling pressure during price volatility.
Ecosystem Growth Aligns with Market Interest
Clearpool connects institutional borrowers with unsecured on-chain capital and relies on the CPOOL token for governance, staking, and reward mechanisms. The project has been expanding its ecosystem with features like Dynamic Pools and Clearpool Prime.
The combination of ecosystem growth, the renewed buyback program, and the dual exchange listings created a short-term price rally. The increased exposure from the listings may continue to influence demand as traders watch for further developments from the protocol.
As of press time, the CPOOL token trades above its pre-listing price levels, showing that some of the gains have been retained despite corrections. Market participants will likely monitor how trading volume and protocol updates shape the token’s price in the coming weeks.
