Here’s Why Pocket Network (POKT) is Pumping Almost 330%

Upbit, the top cryptocurrency exchange in South Korea based on trading volume, announced the addition of four more altcoins to its spot trading platform. This has sparked considerable interest among many people in the cryptocurrency world.

The new tokens are FLock.io (FLOCK), Forta (FORT), Pocket Network (POKT), and Livepeer (LPT). When this announcement was made, the prices of all four tokens increased significantly. Pocket Network’s price especially jumped up by a considerable amount, more than doubling.

Pocket Network (POKT) Price Surge

According to CoinGecko data, Upbit listing has had a quick impact. Pocket Network’s POKT token jumped the most, rising more than 592% just a few minutes after the news. This pushed its value from about $25 million to $97 million. While the gains have since decreased, POKT still had a substantial rise of 397.9% at the time of writing. This illustrates the significant impact that exchange listings can have on the market.

According to the official notice issued by Upbit, the listed tokens will be accessible for trading against Bitcoin (BTC), Tether (USDT), and the Korean Won (KRW). Trading commenced on May 30th at 15:00 KST with FLOCK, available on both the BTC and USDT markets via the Base network. Subsequently, LPT trading commenced at 17:00 KST, offered on the KRW and USDT markets via the Ethereum network.

Furthermore, Livepeer’s price rose significantly, gaining 62% right after the Upbit listing was announced. The altcoin’s past price action changes show a high of $99.03 and a low of $0.3541. Currently, it is trading 92.38% below its highest price and 2,031.84% above its lowest price.

Livepeer’s trading volume over the last 24 hours was $400.52 million, representing a significant 1,311.90% increase from the previous day. This considerable jump indicates increased market activity surrounding the token, suggesting greater interest from investors and traders.

In the past week, Livepeer’s price has increased by 36.20%, outperforming similar cryptocurrencies in the Coinbase 50 Index, which remained unchanged. This difference illustrates how exchange listings and project news can impact the value of individual cryptocurrencies within the broader market.

Bybit to Delist Pocket Network Today

Interestingly, although POKT’s price increased today, the crypto exchange Bybit announced that it will remove the POKT/USDT trading option from its platform and will no longer support the token.

However, this hasn’t significantly affected the price. Since Bybit announced its intention to remove the token, the price has continued to rise dramatically. According to the announcement, the delisted tokens may be converted to stablecoins after May 29, 2025.

“We’ll be delisting  the POKT/USDT trading pair on our platform and will no longer support these tokens as assets going forward, deposits for POKT will no longer be available to trade after May 29, 2025 and withdrawals for the tokens will no longer be available after August 29, 2025,” Bybit official states.

POKT Price Action Today

In the last 24 hours, Pocket Network has demonstrated a significant surge in market activity, with a trading volume of $32,171,683. This figure represents a dramatic 6,293.90% increase compared to the previous day, indicating a substantial recent rise in investor interest and trading activity surrounding the cryptocurrency.

While POKT once reached a peak of $3.11, it currently trades 98.44% below this all-time high. Conversely, the current price stands 448.92% above its all-time low of $0.008836. The present market capitalization of Pocket Network is $96,049,445.

According to Gate.io data, the token stands out, with the POKT/USDT pair exhibiting the highest trading volume, reaching $11,348,237 in the last 24 hours.

Over the past week, Pocket Network (POKT) has experienced a price increase of 183.40%. This performance surpasses both the global cryptocurrency market, which has declined by -2.50%, and the Polygon Ecosystem cryptocurrencies, which have remained relatively stable with a 0.00% change.

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