Upbit Set to List SunPump’s SUN Token Amid Intense Competition
Upbit, South Korea’s top cryptocurrency exchange, is set to list the SUN token. This move aims to keep Upbit ahead in the game against rival exchange, Bithumb.
The listing expands the accessibility of the SUN token, already available on major platforms like Binance, Bybit, and HTX. With trading launching on September 22, users can now buy or sell SUN using KRW or USDT on Upbit.
SUN is the native coin of SunPump, a memecoin launchpad. Launched in August 2024, it serves as a governance token. This means SUN owners can vote on changes and new token listings within the Sun DAO.
Aside from governance,SUN offers othre benefits. Users can stake these tokens to earn rewards, pay platform fees, and join new projects. An exciting feature is veSUN, a long-term staking option that attracts manny investors.
- 100% of sunpump’s profits go to buying back and burning SUN, boosting its value.
- The token currently trades at around $0.03064, with a market cap of $588.91 million.
Upbit’s decision reflects the fierce rivalry in the crypto sector.They are adding new tokens faster than ever to hold onto their top spot against growing competition.
