TLDR
- Pearl (PRL) touched $2.10 on October 14, up 228% from about $0.59 in mid-September.
- The token has risen about 7x from roughly $0.28 in August.
- Pearl is a Bitcoin-based blockchain where miners do AI math (matrix multiplication) instead of hash puzzles.
- Researcher Abhinaba Basu found the main mining software had no AI code, and junk data could still earn rewards.
- About 305 million more PRL is due over the next 12 months, nearly double the current supply.
Pearl (PRL) has climbed to new highs this week. The token touched $2.10 on October 14, 2026.
Wrapped Pearl (WPRL) traded at $1.93 on Uniswap v3 at the time of AMBCrypto’s report. In mid-September, it sat near $0.59, a 228% gain in about a month.
Back in August, the token was around $0.28. That means it has risen roughly 7x since then.
Rohit of Milk Road noted that PRL is up about 195% over the past 30 days. He said the project had been all over his crypto Twitter timeline for several days.
What Is Pearl?
Pearl is a layer-1 blockchain that went live on April 27, 2026. It is built on Bitcoin’s code and has a fixed max supply of 2.1 billion coins.
There was no pre-mine and no team or venture capital allocation. Every PRL comes from mining.
Bitcoin miners solve SHA-256 puzzles. Pearl miners instead do matrix multiplication, the same math GPUs use to run AI models.
The method comes from a 2025 paper by co-founders Ilan Komargodski and Omri Weinstein. The project calls it Proof of Useful Work.
In May, Pearl partnered with Together AI, a cloud provider that runs open-source models. Together launched a Pearl-powered model priced 25% cheaper, with PRL mining rewards covering the discount.
Not all mining on the network is useful yet. In June, researcher Abhinaba Basu studied 8,012 Pearl mining machines and found the main mining software had no AI code.
Basu mined with random data and had 44 shares accepted by a pool. Weinstein said letting miners pick their own inputs “will always allow spam mining.”
Running AI through Pearl also slows models by 10% to 15%. An upgrade on testnet cuts that to between 0% and 3%.
About 1.01 million PRL is mined each day. Roughly 305 million more is due over the next 12 months, nearly double the current supply.
PRL trades on just two exchanges for now. Order books on both remain thin.
Chart Analysis
The TradingView chart shows PRL dropped in early October before buyers returned. Since October 6, the price has climbed back up to touch $2.10.
The RSI sits just above the 70 overbought line and above its signal line. The level to watch next is $1.80, the day’s low, which would keep buyers in control if it holds.
The post Pearl (PRL) Price: Token Touches $2.10 After 228% Monthly Gain appeared first on Blockonomi.