Clearpool daily big pump 70%! Listing on South Korean exchange triggers a rush to buy, market capitalization overtakes PNUT.

The price of Clearpool (CPOOL) surged over 70% on October 22, breaking through $0.173. This increase occurred after the largest crypto assets exchange in South Korea confirmed the listing of CPOOL, providing trading pairs with the Korean won and USDT, which stimulated its market capitalization to surpass Peanut the Squirrel (PNUT).

Korean exchange listing ignites a buying frenzy for Clearpool

On October 22, the South Korean cryptocurrency exchange announced the listing of CPOOL, providing trading pairs with the Korean won and USDT. This news triggered a significant pump in the price of Clearpool, as listings on centralized exchanges typically imply increased liquidity, accessibility, and investor confidence in the token. As one of the most active markets for cryptocurrency trading globally, listings on major exchanges in South Korea often have a strong catalytic effect on token prices.

The influence of the Korean market on Clearpool cannot be underestimated. The country has the world's most enthusiastic Crypto Assets investors, with a very high participation rate among retail traders and a strong speculative enthusiasm for newly listed coins. When a well-known exchange announces the listing of a particular coin, it often triggers a “FOMO” (fear of missing out) effect, leading to a surge of retail investors entering the buy side, driving prices to spike dramatically in the short term. Clearpool's 70% pump on Wednesday is a typical manifestation of this phenomenon.

The significance of providing trading pairs in Korean won is particularly important. Korean investors tend to prefer using their local currency for trading rather than first converting to USD or USDT. The launch of the Korean won trading pair eliminates this friction point, allowing Korean retail investors to more easily purchase CPOOL. Additionally, the simultaneous launch of USDT trading pairs also offers international investors stablecoin trading options, further expanding Clearpool's investor base.

From a liquidity perspective, the listing on the Korean exchange has injected a significant amount of new trading volume into Clearpool. Before the listing, the daily trading volume of CPOOL was likely concentrated mainly on a few decentralized exchanges or smaller centralized platforms, with limited liquidity leading to wider bid-ask spreads. The addition of the Korean exchange not only increased overall trading volume but also improved order book depth, which reduced slippage for large trades, an important confidence signal for institutional investors and whales.

Clearpool market capitalization surges surpassing PNUT and ZIG

(Source: CoinGecko)

CoinGecko data shows that Clearpool's market capitalization reached over USD 136 million on Wednesday, surpassing other popular altcoins such as ZIGChain (ZIG) and Peanut the Squirrel (PNUT), ranking 410th in the overall Crypto Assets market capitalization chart. This market capitalization breakthrough has significant psychological and substantive meaning.

From a psychological perspective, surpassing high-profile meme coins like PNUT enhances Clearpool's standing in the minds of retail investors. PNUT gained immense popularity in 2024 due to community narratives and celebrity effects, becoming a hot topic on social media. Clearpool's ability to exceed the market capitalization of these popular coins indicates that it is not solely reliant on short-term speculation, but possesses practical application scenarios and long-term value support.

From a substantive perspective, the increase in market capitalization has improved Clearpool's liquidity and visibility in the encryption market. Many crypto asset index funds and quantitative trading strategies allocate positions based on market capitalization rankings. When Clearpool enters the top 500, it may automatically be included in the investment portfolios of certain index products, bringing passive capital inflows. In addition, tokens with larger market capitalizations are more likely to attract listing attention from other exchanges, creating a positive feedback loop.

Three Major Implications of Clearpool's Market Capitalization Breakthrough:

Liquidity Improvement: An increase in market capitalization is usually accompanied by an increase in trading volume, reducing the price impact of large trades.

Institutional Attention: Entering the top 500 by market capitalization has increased the coverage probability of institutional investors and analysts.

Exchange Effect: Higher market capitalization makes other mainstream exchanges more willing to list CPOOL.

It is worth noting that the market capitalization growth of Clearpool is not solely dependent on short-term speculation from its listing on Korean exchanges. The fundamentals of the project—as a decentralized capital market ecosystem that enables institutional borrowers to obtain unsecured loans directly from the decentralized finance (DeFi) ecosystem—provide substantial support for its long-term value. This practicality distinguishes it from purely speculative Meme coins and lays the foundation for sustained market capitalization growth.

The technical analysis shows that Clearpool has broken through the downtrend line

(Source: Trading View)

On October 22, the Clearpool price broke through the descending trend line (formed by connecting multiple highs since mid-August), rising nearly 73%, with the trading price at about 0.173 USD as of the time of writing. This descending trend line has been a key resistance for the price movement over the past few months, and its breakout holds significant technical meaning.

The breakthrough of a descending trend line is often seen as an early signal of a trend reversal. In technical analysis, a trend line is a straight line that connects a series of price highs or lows, representing the psychological resistance or support levels of market participants. When the price effectively breaks through a long-term descending trend line, it means that the bullish strength has become strong enough to overcome the bearish pressure, and market sentiment is shifting from pessimism to optimism.

If Clearpool continues to maintain its upward momentum, it may extend the pump to reach the high of $0.217 on August 14. This target level is not chosen randomly but is based on technical analysis of previous high points. In price trends, previous high points often become target levels for subsequent pumps, as these levels represent prior supply and demand equilibrium points. From the current price of $0.173 to the target of $0.217, this implies there is still about 25% of upward potential.

On the daily chart, the Relative Strength Index (RSI) is at 69, pointing upwards, indicating strong bullish momentum. The RSI is a momentum indicator that measures the speed and magnitude of price movements, with values ranging from 0 to 100. A reading of 69 is close to but has not yet entered the overbought zone (typically defined as above 70), which means that the upward momentum is strong but not yet overheated, leaving room for further increases. More importantly, the RSI is rising, showing that buying pressure continues to strengthen.

In addition, the Moving Average Convergence Divergence (MACD) has shown a bullish crossover, issuing a buy signal, indicating an upward trend. MACD is a trend-following indicator consisting of the fast line (12-day EMA), the slow line (26-day EMA), and the histogram. When the fast line crosses above the slow line from below, it forms a bullish crossover, usually indicating the beginning or continuation of an upward trend. Clearpool's MACD bullish crossover combined with the price breaking above the descending trendline forms a double technical confirmation.

0.217 USD target level and 0.129 USD support level

The technical analysis of Clearpool provides clear upward targets and downward risk levels. On the upside, the high of $0.217 on August 14 is the clearest resistance level and target price. If CPOOL can break through and hold this level, the next target will be the psychological barrier of $0.25, or even higher previous highs.

The prerequisites for achieving the target of 0.217 USD include: continuous inflow of buying pressure in the Korean market, maintaining high trading volume, RSI not entering the extremely overbought zone (to avoid short-term corrections), and the broader crypto market remaining stable or rising. If mainstream coins like Bitcoin and Ethereum experience a significant correction, altcoins including CPOOL will also find it difficult to stand alone.

On the other hand, if Clearpool faces a correction, it may continue to decline and retest the 50-day Exponential Moving Average (EMA) at $0.129. This level is an important technical support level, and the 50-day EMA is a key indicator of the mid-term trend. If the price falls back to this level but successfully holds, it will confirm that the current rise is merely a temporary overbought condition rather than a trend reversal, and there will still be opportunities for a rebound.

However, if the 50-day EMA support at 0.129 USD is effectively broken, it will be a warning signal, possibly indicating that the speculative effect from the listing on the South Korean exchange has faded, and the price may retreat to a lower support level. Investors should closely monitor the defense of this key support level.

The Practical Application Value of DeFi Lending Track

Clearpool is a decentralized capital market ecosystem that enables institutional borrowers to obtain unsecured loans directly from the decentralized finance (DeFi) ecosystem. The innovation of this business model lies in breaking the limitation that traditional DeFi lending must be over-collateralized.

Traditional DeFi lending platforms like Aave and Compound require borrowers to provide collateral exceeding the loan amount (usually 150% or even higher). While this model reduces the risk of default, it severely limits capital efficiency. Institutional borrowers often require large credit lines for operating capital or arbitrage trading, making the over-collateralization model impractical for them.

Clearpool introduces a credit assessment and on-chain reputation system, allowing reputable institutions to obtain unsecured or low-collateral loans. This model is closer to traditional financial corporate credit but operates on decentralized blockchain infrastructure, providing higher transparency and lower intermediary costs. As more traditional financial institutions explore the DeFi space, platforms like Clearpool that bridge TradFi and DeFi will play an increasingly important role.