---
title: "Uptober 2025: Can October Deliver Another Crypto Rally?"
date: 2025-10-01T09:58:03+00:00
canonical: https://funkyonchain.pages.dev/en/p/uptober-2025-will-october-once-again-be-the-month-of-growth/
original: https://t.me/funkyonchain/2135
publisher: Funkyonchain
lang: ko
license: CC-BY-4.0
---

# Uptober 2025: Can October Deliver Another Crypto Rally?

> 🍩 Uptober 2025: Can October Deliver Another Month of Growth? Every year around this time, the crypto market returns to the term “Uptober” (Up + October). It is more than a meme: October has often brought higher trading volumes and events that shaped the months ahead.

🍩 Uptober 2025: Can October Deliver Another Month of Growth?

Every year around this time, the crypto market returns to the term “Uptober” (Up + October). It is more than a meme: October has often brought higher trading volumes and events that shaped the months ahead.

To assess whether 2025 can deliver another Uptober, this article examines four categories:

1. Trading volumes and events over the past three years
2. Major historical catalysts that shaped Uptober
3. The rise of DEXs and [pump.fun](http://pump.fun/)
4. The outlook for Uptober 2025

## 1. October Over the Past Three Years

### October 2022: The Depths of the Bear Market

* Volumes: CEX spot trading reached $929 billion and derivatives $2.22 trillion, for a combined total of about $3.15 trillion. DEX volume was just $56.1 billion, its lowest since January 2021.
* Events: The BNB Chain bridge was hacked for $570 million, while Elon Musk’s acquisition of Twitter sent $DOGE soaring. On October 26 alone, the market saw $1.21 billion in liquidations.

### October 2023: Signs of Recovery

* Volumes: Combined CEX volume was about $2.57 trillion, up 53% from the previous month.
* Events: A false report that a spot Bitcoin ETF had been approved briefly pushed $BTC above $30,000 before a sharp reversal. Upbit’s growing market share also drew attention.

### October 2024: Trading Picks Up

* Volumes: Combined CEX volume reached $5.19 trillion, while DEX volume was $194.7 billion.
* Events: With the U.S. election approaching, $BTC retested its yearly highs. DEX volume rose to $374 billion in November and $462 billion in December, an all-time high, as a strong fourth-quarter rally began.

👉 October marked successive turning points: the 2022 downturn, signs of recovery in 2023 and the start of a rally in 2024.

## 2. Major Events That Shaped Uptober

* FTX collapse, November 2022: The peak of the crisis of confidence.
* SEC lawsuits against Binance and Coinbase, June 2023, followed by CZ’s guilty plea and a $4.3 billion settlement.
* Spot $BTC ETF approval, January 2024: An opening for institutional capital.
* $BTC halving, April 2024: A reset in supply-driven momentum.
* Spot $ETH ETF listing, July 2024: Ethereum’s entry into the regulated investment landscape.
* Mt.Gox repayments, July 2024: A major source of potential selling pressure.

Together, these events trace the market’s progression from collapse to regulatory shocks, ETF inflows and an onchain recovery.

## 3. DEXs and [pump.fun](http://pump.fun/): The Rise of Onchain Trading

### CEXs vs. DEXs

* In the second quarter of 2025, DEX spot trading volume rose more than 25% from the previous quarter, while CEX volume fell nearly 28%. The DEX-to-CEX ratio reached a record high, highlighting a shift in user behavior.

### Solana DEX Activity

* From late 2024, Solana DEXs consistently recorded monthly volumes above $100 billion.
* On September 26, 2025, daily volume on Solana DEXs reached $4.44 billion, well above the roughly $2.7 billion baseline.

### [pump.fun](http://pump.fun/): The Meme Coin Factory

* October 2024: Daily volume exceeded $2 billion, with monthly revenue of $30.5 million.
* Early 2025: Activity fell from $119 billion to $44 billion amid concerns about scams and rugs.
* September 2025: Daily volume recovered to more than $1 billion.
* Current metrics from DefiLlama:

  * 30-day volume: $3.37 billion
  * 7-day volume: $547.7 million
  * 24-hour volume: $101.6 million
  * Market capitalization: $2.28 billion; accrued fees: $793 million

👉 DEXs and [pump.fun](http://pump.fun/) have become central to onchain liquidity.

## 4. The Outlook for Uptober 2025

### Positive Factors

* Continued inflows into spot $BTC and $ETH ETFs.
* Renewed onchain activity on [pump.fun](http://pump.fun/) and Solana DEXs.
* Historical increases in October trading volume.

### Risks

* Continuing regulatory and legal uncertainty.
* Potential selling pressure from Mt.Gox repayments.
* Structural risks from meme-driven pump-and-dump cycles; studies have identified patterns of accumulation before a rise and selling at the top.

Conclusion: Uptober 2025 has a strong chance of living up to its name, but rallies may rotate across chains and sectors rather than take the form of a sustained vertical rise.

For informational purposes only. Not financial advice. Invest at your own risk.

---
출처 / Source: Funkyonchain — https://funkyonchain.pages.dev/en/p/uptober-2025-will-october-once-again-be-the-month-of-growth/
원문 / Original Telegram post: https://t.me/funkyonchain/2135