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Photo courtesy of Yonhap News |
[Alpha Biz= Paul Lee] The listing of Pearl (PRL), which had been scheduled for trading on South Korea’s cryptocurrency exchange Upbit, has been postponed. Upbit stated that it identified issues related to circulating supply and has requested clarification from the project team.
According to the crypto industry on the 27th, Upbit announced the delay at around 5:25 p.m., just minutes before trading support was originally set to begin at 5:30 p.m.
Upbit said, “We have decided to delay the commencement of trading support until verification of the circulating supply issue is completed. We ask for your understanding as this measure is intended to ensure a safer trading environment.”
Earlier in the day, at around 3:30 p.m., news broke that Pearl would be listed on both Upbit and Bithumb. According to global crypto market tracker CoinMarketCap, Pearl was trading at approximately $0.2171 as of 3:00 p.m. However, following the listing announcement, the price surged by more than 60%, reaching $0.3528 around 3:45 p.m.
Pearl is a data infrastructure platform that generates and verifies data required for artificial intelligence (AI) training through human experts and records it on-chain. It operates by breaking down enterprise and research data demands into granular tasks, which are then carried out by verified participants.
AlphaBIZ Paul Lee(hoondork1977@alphabiz.co.kr)
