Invezz 2025-05-30 10:36:01

Pocket Network surges 350% as investors bet on upgrade rollout

Pocket Network (POKT) sits at the top of biggest gainers in the past 24 hours among top 500 coins by market with a staggering 350% price jump. While the POKT token, ranked 376 on CoinMarketCap with about $118 million market cap, remains well off its all-time high, it has exploded to above $0.058 ahead of a major network upgrade. The current price level is up 436% since POKT price fell to its all-time low of $0.0087 in April 2025. Gains have come amid a notable increase in daily trading volume for Pocket Network, with data showing the metric up more than 60x the previous day’s count at $35.4 million. POKT price chart on CoinMarketCap Notably, Pocket Network has exploded as top coins Bitcoin (BTC) and Ethereum (ETH) dip. BTC’s dump to lows of $105k saw trader James Wynn liquidated for $100 million. POKT gains ahead of Shannon upgrade Pocket Network is gearing up for a planned hard fork dubbed Shannon, and market anticipation around the impact on network has triggered huge activity. The project announced that the upgrade will go live on the Shannon mainnet on June 3, 2025,. The Pocket Network, looking to bounce amid a resurgence in decentralized finance and web3, offers a decentralized blockchain data protocol that allows users to connect to any blockchain. POKT is the native token of the protocol used to facilitate ecosystem services. “Pocket’s Shannon upgrade is for the builders. We’re cultivating a developer network who believes in the power of unstoppable, censorship-resistant data,” the platform recently posted on X. Network activity and volume has spiked as Upbit, one of South Korea’s largest crypto exchanges, announced the support for POKT. Trading with KRW pair opens on May 30, 2025. Upbit Korea @Official_Upbit · Follow Replying to @Official_Upbit Pocket Network(POKT) KRW Market Support✅ Supported Market : KRW Market📅 Trading opens at: 22025-05-30 19:00 KST estimated🔗 Discover more: upbit.com/service_center… #Upbit #POKT @POKTnetwork 6:51 am · 30 May 2025 11 Reply Copy link Read more on Twitter Pocket Network price outlook POKT’s surge saw the token rise to levels that acted as key resistance in 2024, with rejections between $0.05 and $0.068 in October to December. The latest gains, driven by the network upgrade news, sees the futures open interest spike to over $68,000 while volume has jumped well over $430,000. Analysts look at rising open interest as a signal of growing demand. It suggests another leg up is likely. However, with factors such as profit taking and overall market conditions to consider, there’s the possibility that a negative flip could be inbound. The token’s dip into overbought territory and the long downtrend that came with it means spiking to multi-month peaks offer an opportunity for sellers. If bulls continue into the June 3, 2025 upgrade, the next target will be $0.075 and $0.1. On the downside, support could be around $0.036 and $0.022. The post Pocket Network surges 350% as investors bet on upgrade rollout appeared first on Invezz

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