Clearpool (CPOOL) Breaks 2-Month High After Dual Listing on Upbit and Bithumb

Core Insights - CPOOL, the native token of the Clearpool protocol, experienced a significant price surge following its dual listings on South Korea's top exchanges, Bithumb and Upbit, reaching a two-month high [1][2][4]. Group 1: Listings and Trading Activity - CPOOL trading commenced on October 22, with Upbit handling the majority of the trading volume [1][2]. - Bithumb listed CPOOL against the Korean Won (KRW) and set a reference price of 143.226 Won, offering a fee-free trading period from October 22 to October 24 [3]. - Upbit provided three trading pairs: KRW, Bitcoin (BTC), and Tether (USDT), allowing only limit orders for the first two hours of trading [3]. - Following Upbit's listing, CPOOL's price surged over 91% from $0.104 to $0.199, although a slight correction occurred afterward [4]. - Bithumb's announcement led to a more modest price increase, with CPOOL trading at $0.131, up nearly 30% since the initial announcement [5]. - CPOOL's daily trading volume skyrocketed by 1,435.90% to reach $69 million, with Upbit accounting for nearly 26% of this volume [6]. Group 2: Long-term Growth Initiatives - Clearpool has resumed its official buyback program, purchasing CPOOL directly from the open market, which may support long-term growth [7]. - Buybacks are often seen as a sign of management's confidence in the project's fundamentals and can help stabilize prices during volatility [8]. - The buyback program will utilize revenue generated from various Clearpool ecosystem components, including Dynamic Pools, Clearpool Prime, Credit Vaults, and the USDX T-Pool [8]. - With increased exposure and growing scarcity, CPOOL is positioned to strengthen its role in the on-chain credit market, contingent on sustained trading interest and protocol activity [9].