Clearpool (CPOOL) Buyback Reopening and Korean Market Breakout Analysis
TL;DR
Clearpool announced the resumption of its token buyback program on October 21st, and was successfully listed on the Upbit exchange on October 22nd. These two positive factors drove CPOOL's price to surge over 80% in 24 hours, from $0.094 to $0.17. The protocol's TVL grew to $45.6M, with cumulative institutional lending exceeding $850 million. Access to the Korean market ushered in a new phase of growth for the project.
Core Analysis
Buyback Program Reopening Details
Program Mechanism and Funding : Clearpool officially announced the restart of its structured buyback program on October 21st, following a pause of several quarters due to product iterations. The new buyback will utilize accumulated revenue from Dynamic Pools, Clearpool Prime, Credit Vaults, and the USDX T-Pool. The program will be split 50/50: 50% will be used for token burns to reduce supply, and 50% will be allocated to the Rewards reserve pool for ecosystem liquidity and growth incentives.
Historical Performance Data : As of January 2025, the cumulative repurchase amount was approximately $553,000, and over 6.4 million CPOOL tokens had been destroyed. In Q3 2024 alone, $138,018 was invested to purchase 482,458 tokens, a 76% increase from Q2. The total supply remained unchanged at 1 billion, with a circulating supply of approximately 277 million. The repurchase and destruction mechanism effectively reduces the circulating supply.
Upbit's launch and market reaction
Launch Details : CPOOL officially launched trading on Upbit, South Korea's largest cryptocurrency exchange, at 07:30 UTC on October 22nd, supporting three trading pairs: CPOOL/KRW, CPOOL/USDT, and CPOOL/BTC. The launch of the Korean won (KRW) fiat currency pair provides a direct deposit channel for Korean users, significantly lowering the entry point for trading.
Price Performance : Following the launch announcement, CPOOL's price experienced explosive growth, soaring from a low of $0.094 to around $0.18 within 24 hours, an increase of over 80%. Trading volume surged to $16.4M, a 262% increase from the previous day. Subsequently, Bithumb Exchange also announced it would list CPOOL, further consolidating its position in the Korean market.
Technical Analysis
Multi-timeframe signals :
- 1 hour : RSI 90.16 (very overbought), MACD histogram expanded to 0.0041, the price is 60% above the EMA (20)
- 4 hours : RSI 82.84 (overbought), price is 60% above EMA (20), ATR rises to 0.012 indicating increased volatility
- Daily : RSI 68.49 (healthy bull market range), MACD shows a new bullish crossover, price breaks through the daily SMA (200) to confirm the multi-month consolidation breakout
Key Price Levels :
| type | Price | strength | Base |
|---|---|---|---|
| support | $0.141 | powerful | Daily SMA(200), breakthrough confirmation level |
| support | $0.116 | middle | Daily EMA(20), dynamic support on pullback |
| resistance | $0.200 | powerful | ATR extension forecast level, psychological integer level |
Derivatives data : Open interest surged 1662% to $2.01 million in 24 hours, mainly concentrated in Gate.io. The negative funding rate of -0.71% indicates that shorts are paying longs, which is bullish in the short term but there is leverage risk.
On-chain protocol performance
TVL growth trend : According to DeFiLlama data, Clearpool TVL has steadily increased from $23M in January to $45.6M in October, with a monthly increase of 28% in October.
| period | TVL (USD) | Monthly changes | Main driving factors |
|---|---|---|---|
| January | $23M | Baseline | Stabilization after expansion in 2024 |
| February-March | $28-29M | +20% | New RWA Vault Integration |
| September | $33-35M | +25% | PayFi Product Launch |
| October | $45.6M | +28% | USDX T-Pool Grows to $41M |
Institutional lending activity : Cumulative loans exceeded $850 million, generating over $10 million in real yield for lenders. Fintech Vault has partnered with Ola Labs, targeting a 15% annualized yield. Flare Network's USDX T-Pool reached $41 million in TVL and offers a 7% APR on stablecoins.
cpToken Performance : As a tokenized yield product, tokens such as cpUSD provide a 7-15% actual yield, with 75% of funds invested in PayFi credit and 25% in liquid stablecoins to ensure redemption stability.
Social sentiment analysis
Overall Sentiment : The community reacted extremely positively to the resumption of buybacks and the launch of Upbit, with approximately 85% of related Twitter discussions expressing bullish sentiment. Key narratives revolved around the growth of the RWA (real-world asset) sector, revenue-driven deflationary mechanisms, and market access opportunities in South Korea.
Korean Community Reactions : Korean crypto media highlighted Upbit's listing as a milestone in its penetration into the CPOOL region. The launch of the KRW trading pair is expected to attract local capital inflows, and Bithumb's subsequent listing further solidifies its position in the Korean market.
Influencer’s perspective :
- Coinesper lists CPOOL as a quality buy, praising its RWA focus, low market capitalization relative to utility, and timely buyback support.
- Altcoin Buzz highlights revenue funding and quarterly execution as bullish signals for the token’s sustainability.
in conclusion
Clearpool has demonstrated strong fundamental growth momentum with the relaunch of its buyback program and its successful entry into the Korean market. Its cumulative lending of $850 million, $45.6 million in TVL, and real yield mechanism demonstrate its leadership in the RWA/DeFi convergence space. While technicals suggest short-term overbought conditions, bullish alignment across multiple timeframes supports a medium- to long-term uptrend. Korean market entry ushers in a new phase of growth for the project, and the KRW trading pair is expected to drive significant liquidity and user growth.