South Korea Drives PUMP's Bull Run as Meme Token Surpasses $6M in Daily Fees

The PUMP token, native to the Pump.fun platform, has extended its rally, with South Korean liquidity inflows playing a key role in bolstering momentum. The digital token, which has been a subject of debate since its launch, has gained over 36% in the past week and climbed more than 8% in the last 24 hours, trading at $0.005770 as of the latest data. This upward movement has been attributed to the token’s recent listing on two major South Korean exchanges—Upbit and Bithumb—with USDT and KRW trading pairs.

The expansion into South Korea has significantly increased PUMP’s accessibility and liquidity, drawing in new investors and arbitrage opportunities. This strategic move into one of the most active cryptocurrency markets in the world has reinforced bullish sentiment around the token. The Pump.fun community has welcomed the development, with many expressing optimism that the listing will lead to tighter trading spreads and more efficient price discovery.

This recent surge is not just a short-term rally but part of a broader recovery for the Pump.fun platform. According to DeFiLlama data, the platform’s daily protocol fees have approached $6 million, nearing all-time highs last seen in early 2025. This marks a dramatic turnaround from April, when daily fees had fallen below $1 million. The resurgence in fees and trading activity has positioned Pump.fun as a formidable player in the meme token space, outpacing some traditional decentralized finance platforms in terms of performance and buyback efficiency.

The recent listing in South Korea has also amplified the token’s market presence. South Korea, known for its dynamic and innovation-driven crypto ecosystem, offers a fertile ground for projects like Pump.fun to gain traction. The influx of liquidity from Korean investors and arbitrage desks is expected to further strengthen PUMP’s market position, particularly as it faces renewed institutional interest and retail enthusiasm.

From a technical perspective, PUMP continues to show robust momentum. The 3-hour Moving Average Convergence Divergence (MACD) indicator has formed an upside crossover, signaling a bullish trend, while the Relative Strength Index (RSI) at 65 suggests there is still room for further gains before the token enters overbought territory. However, investors remain cautious due to the broader market's volatility, with attention focused on the Federal Reserve’s upcoming meeting where a potential 25 basis point rate cut is being widely anticipated. Such a move could boost risk-on sentiment and drive additional inflows into the crypto market.