Pearl (PRL) Hits Record $1.76 After 63% Rally on Thin Float
- —PRL gained 63.3% in 24 hours and more than doubled over the week
- —Market cap $419.8M versus FDV $3.46B — an 8.2x gap
- —24-hour volume of $8.3M equals just 2% of market cap
- —SafeTrade's PRL/USDT pair handled 88.4% of reported turnover
Why it matters: A tiny circulating float and volume concentrated on a single venue leave PRL exposed to sharp reversals as new coins from mining keep entering supply.
Source: The Crypto Times