The Grand Illusion of Numbers
- Pell Network’s TVL, once a towering colossus, now lies in ruins-a mere $587,225, despite its website’s audacious claim of $200M. 🤑💨
- The PELL token, once a phoenix, now ashes-plummeting 95% to a humble $0.00064 from its lofty $0.01324 peak. 🔥❄️
- In 2024, $3M in pre-seed funding and 20 chains later, Pell Network aimed to restake Bitcoin’s crown, but the crown seems to have slipped. 👑🤦♂️
Ah, Pell Network, the first resilient BTC restaking network-or so it claimed. Yet, like a poem left unfinished, its total value locked (TVL) has crumbled to a mere $587,225, according to DeFiLlama. Over 99% of its former glory has vanished, leaving behind only echoes of what once was. 🌪️🪨
Meanwhile, the network’s website persists in its grand delusion, flaunting over $200 million in restaked tokens and 510,000 stakers-a tale as believable as a snowflake in July. The Crypto Times team, ever the skeptics, reached out to Pell Network for clarity, but silence reigns. 🤐❄️
Backed by the likes of Paper Ventures, Halo Capital, and Mirana Ventures, with a chorus of supporters including D11-Labs and Delta Blockchain Fund, Pell Network once seemed destined for greatness. Yet, destiny, it seems, had other plans. 🌟🤷♂️
In 2024, $3 million in pre-seed funding was to fuel its Omnichain Decentralized Validation Services (DVS) network, a grand vision to unlock Bitcoin’s potential through cross-chain restaking. A noble quest, but one that now feels like a distant dream. 🛤️💭
Its architecture, a three-layered masterpiece-Restaking Layer, Pell Chain, and Service Layer-was deployed across 20 chains, from BNB Smart Chain to Mantle. Yet, even this grand design could not stem the tide of decline. 🏰🌊
The PELL token, born on March 13, 2025, with a launch price of $0.01, was hailed as the next big thing. Exchanges like Bybit, Gate.io, and MEXC welcomed it with open arms. But the market, ever fickle, had other ideas. 📉💔
🚀 PELL NETWORK (PELL) IS NOW LIVE
@Pell_Network $PELL has officially launched and is now trading on top exchanges, including @Bybit_Official, @Gate_io, @MEXC_Official, @BitMartExchange and @xExchangeApp.Key Details:
· Current Price: $0.01
· Market Cap: $3.36M
· Fully Diluted…– Cryptogics (@cryptogics) March 13, 2025
Since its launch, the token has spiraled downward, now trading at $0.00064 with a 24-hour volume of $81,000. A 95% drop from its peak of $0.01324, according to CoinMarketCap. A fall from grace, or perhaps, a return to reality? 🍂🤔
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2026-01-06 00:27