Pump.fun’s PUMP extends rally as South Korean liquidity boosts momentum

• $PUMP trades at $0.005770 after gaining more than 8% in the previous day.
• It has gained more than 35% last week, outperforming most tokens in the market.
• Today’s Upbit and Bithumb listings have added to the bullish sentiments.

Digital tokens performed well on Thursday after the United States PPI data increased the probability of a rate cut during the Fed’s meeting next week.

The global cryptocurrency market cap increased by 2% in the past 24 hours to $3.96 trillion as Bitcoin steadied above $114,000.

Meanwhile, Pump.fun’s native token $PUMP continued to outperform.

The altcoin has gained more than 8% over the past day, boosted by today’s double-exchange listing.

The meme Launchpad has expanded into the Asian landscape through listing on South Korean leading trading platforms Upbit and Bithumb.

South Korean listings fuel $PUMP

The altcoin maintains a bullish trajectory today after gaining fresh liquidity from South Korea.

The country’s top crypto exchange, Upbit, has listed $PUMP with USDT and KRW pairs.

Minutes later, Bithumb revealed a similar development, expanding the digital coin’s reach further into the Asian markets.

These developments have sparked bullish sentiments within the Pump.fun community.

The launchpad would likely experience tightening spreads and increased liquidity amid fresh inflows from Korean investors and arbitrage desks.

These developments can boost investor confidence in Pump.fun, especially after the departure of early investors dented the project’s outlook.

Despite earlier criticism, the team remained dedicated and has likely executed a successful turnaround.

$PUMP nears ATHs fees amid bullish sentiments

The meme generator is experiencing a notable comeback, with protocol fees approaching all-time highs only a month after the crypto community wrote $PUMP off.

DeFiLlama data shows Pump.fun’s daily fees nearing $6 million, levels not seen since early 2025.

The chart reflects a significant recovery from April, when fees plunged below $1 million per day.

The platform rebounded in July and accelerated sharply in September.

The renewed activity saw Pump.fun outperforming Hyperliquid, a decentralized derivatives network, in buybacks and revenue generation.

Spiked trading volumes amidst soaring fees suggest deepening liquidity.

Today’s listing on South Korea’s leading exchanges enriches this momentum.

The country boasts one of the most vibrant cryptocurrency communities globally, known for its innovation-centric policies.

$PUMP price outlook

The meme token has recorded impressive performance despite its controversial debut, which encountered significant criticism.

It trades at $0.005770 after gaining more than 36% the past week.

It maintained its bullish trajectory today with an over 8% price jump.

Broader market rallies and integration into the Korean exchanges keep $PUMP afloat.

Meanwhile, technical indicators signal enough momentum for continued gains.

The 3H Moving Average Convergence Divergence displays bullish presence with an upside crossover and green histograms.

Also, the Relative Strength Index at 65 highlights room for more gains before $PUMP hits the oversold territory.

Nevertheless, markets remain choppy, with attention on the potential rate cut during next week’s Federal Reserve conference.

Analysts expect a 25bp reduction, citing the deteriorating economy.

Such a move would spark bullish sentiments across risk markets and propel cryptocurrencies towards higher targets.