Upbit will the SUN token, the native token of SunPump, as the exchange ramps up its token offerings to stay ahead of Bithumb.
- The listing on Upbit adds to the SUN token’s growing portfolio of major exchanges, including Binance, Bybit, HTX, Gate.io, Bithumb, KuCoin, and MEXC.
- Launched in August 2024, SUN serves as a governance token on SunPump, enabling holders to participate in the Sun DAO, stake for rewards, pay platform fees, and join new token launches.
Upbit has announced that it will list the SunPump (SUN) token, the native token of the memecoin launchpad and trading platform built on TRON (TRX), with trading pairs in KRW and USDT. Trading is scheduled to begin on Sept. 22 at 12:00 KST, with all deposits and withdrawals supported exclusively via TRON.
The listing on Upbit, the leading crypto exchange in South Korea, adds another major exchange to SUN’s growing portfolio, which already includes Binance, Bybit, HTX, Gate.io, Bithumb, KuCoin, and MEXC.
For Upbit, the SUN listing comes as part of a broader coin-listing spree in response to rival South Korean exchange Bithumb’s recent trading-volume growth. The South Korean newspaper Seoul Economic Daily reported that Upbit has been adding new tokens at an accelerated pace in recent weeks to maintain its market-leading position.
About the SUN token
Launched in August last year, the SUN token acts as a governance token on SunPump, allowing holders to participate in the Sun DAO and vote on platform upgrades, token listing policies, and other key decisions.
SUN can also be staked to earn rewards, including through long-term staking mechanisms such as veSUN, and it is used to pay platform fees, access premium features, and participate in new token launches.
Moreover, 100% of SunPump’s protocol revenue is allocated to buying back and burning SUN tokens, further supporting its value proposition within the TRON ecosystem.
The SUN token is currently trading at approximately $0.03064, up 2.8% over the past 24 hours. SUN’s market cap stands at roughly $588.91 million, with a fully diluted valuation of $611.46 million, according to CoinGecko.
