Chiara Bianchi
South Korea’s leading crypto exchange Upbit has confirmed it will list the SUN token, the native asset of the SunPump platform built on TRON (TRX). Trading will open on September 22 at 12:00 KST, with available pairs in KRW and USDT. Deposits and withdrawals will be processed exclusively via the TRON network.
This new listing strengthens SUN’s presence across major exchanges, joining platforms such as Binance, Bybit, HTX, Gate.io, Bithumb, KuCoin, and MEXC.
The timing of the SUN listing reflects Upbit’s strategy to counter growing competition from rival exchange Bithumb, which has recently seen a surge in trading volume. According to reports from Seoul Economic Daily, Upbit has been accelerating its token listings to maintain its dominance in the South Korean market.
What Is the SUN Token?
Launched in August 2023, the SUN token serves as the governance asset of SunPump, a memecoin launchpad and trading ecosystem. Holders can participate in the Sun DAO, vote on platform upgrades, and influence token listing decisions.
Beyond governance, SUN also functions as a utility token:
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Staking SUN unlocks rewards, with long-term options like veSUN available.
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It is used for transaction fees, access to premium features, and participation in new token launches.
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100% of SunPump’s protocol revenue is dedicated to buying back and burning SUN, reinforcing its value within the TRON ecosystem.
SUN’s Market Performance
Currently, SUN trades around $0.03064, reflecting a 2.8% increase in the last 24 hours. The token holds a market cap of $588.91 million, with a fully diluted valuation (FDV) of $611.46 million, according to CoinGecko data.
