POKT Token Soars 262% Amidst Anticipation, Solaxy Presale Aims for $50 Million in Valuation as Listing Approaches
Pocket Network's Price Surges 262% Following Upbit Listing
The cryptocurrency market witnessed a notable surge in the price of Pocket Network (POKT) after the digital asset was listed on Upbit, a South Korean cryptocurrency exchange. As of 7:15 a.m. EST on May 30, 2025, POKT was trading at $0.0489, reflecting a 262% increase within the last 24 hours. The trading volume also saw a significant jump, reaching $26 million, marking a 5,407% increase from the previous day's volume.
The sudden price increase followed Upbit's announcement of adding the POKT/KRW trading pair to its platform.
According to CoinGecko's tweet, the tokens POKT and comparable chain LPT both experienced a 280.5% and 33.3% increase, respectively, after the Upbit listing announcement.
Following the surge, POKT saw historically high trading volumes, with previously resistance levels now acting as support. At the time of writing, the token's price had temporarily paused around $0.07, having peaked at $0.094 during the surge.
Despite the impressive price gain, POKT remains 98% below its previous all-time high price of $3.11.
The chart analysis of POKT/USD on a 6-hour timeframe indicates that the token recently broke out from an ascending triangle pattern, which is typically a bullish signal. However, the steep rise in price has pushed the RSI (Relative Strength Index) into overbought territory, hinting at a potential pullback.
On the other hand, the MACD (Moving Average Convergence Divergence) remains bullish, suggesting that the momentum is strong. Should POKT fail to hold above $0.0715, there might be a dip to the next support at $0.03, representing a 55% drop.
Should the price of Pocket Network break past and close above the $0.715 resistance, it could target the next major resistance around $0.25, marking another 291% gain. Conversely, a correction to $0.030 before the next leg up is also possible if the bears take control.
While the market sentiment remains positive, POKT's fundamentals are solid, which could lead to more gains in the future.
Meanwhile, Solaxy, the first Layer-2 scaling solution for Solana, is nearing $50 million in funding with only 16 days remaining in its presale. Participating in the Solaxy presale could offer opportunities as investors book profits from the Pocket Network's breakout.
Solaxy aims to tackle congestion issues on the Solana network by processing transactions off-chain and then sending them to the mainnet for final approval. They are also working on a bridge to Ethereum and an Igniter Protocol, a no-code token launchpad that allows users to create and trade tokens.
Investors interested in learning more about Solaxy can visit the project's official website.
[Source: TradingView]
Enrichment Data:- Although not directly related to POKT's price surge, it is worth noting that Solaxy's Igniter Protocol allows for the creation and instant trading of tokens on its decentralized exchange. This could potentially provide further opportunities for cryptocurrency investors as the market continues to evolve.
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Crypto traders observed a significant increase in the value of Pocket Network (POKT) following its listing on Upbit, with the token's price surging by 262% and trading volume reaching $26 million. Such gains in the crypto market are not just isolated events, as technology-focused finance and investing increasingly intersect with new developments in crypto, such as Solaxy's Igniter Protocol, which allows for the creation and instant trading of tokens on its decentralized exchange.
