Upbit Lists SunPump Amid Token-Listing Spree

According to the announcement, SUN will be available for trading in KRW and USDT pairs starting from 12:00 PM KST on September 22. All deposits and withdrawals will be exclusively supported via the TRON network.

This move adds another major exchange to SUN’s trading roster, following listings on Binance, Bybit, HTX, Gate.io, Bithumb, KuCoin, and MEXC.

Upbit vs. Bithumb: The Listing Race

The SUN listing is part of Upbit’s broader accelerated token-listing strategy aimed at maintaining its leading position amid intensifying competition from rival Bithumb. According to Seoul Economic Daily, Upbit has been adding new tokens at a rapid pace in recent weeks to counter Bithumb’s rising trading volumes.

What is SUN Token?

Launched in August last year, the SUN token serves as the governance token of SunPump, allowing holders to participate in Sun DAO, vote on platform upgrades, listing policies, and other key decisions.

SUN can also be staked to earn rewards, including long-term staking mechanisms such as veSUN. Additionally, it is used for paying platform fees, unlocking premium features, and joining new token launches.

Importantly, 100% of SunPump’s protocol revenue is allocated to buying back and burning SUN tokens, reinforcing its value within the TRON ecosystem.

Market Performance

According to CoinGecko, SUN is currently trading at around $0.03064, up 2.8% over the past 24 hours. Its market capitalization stands at approximately $588.91 million, with a fully diluted valuation (FDV) of about $611.46 million.