XCN, PRL Crypto Tokens Outperform Bitcoin After Upbit Debut Amid Market Weakness

• Onyxcoin and Perle crypto tokens surged sharply following Upbit's listing announcements.
• Upbit will list Onyxcoin in KRW and USDT markets, while Perle will be available in KRW, BTC, and USDT pairs.
• Exchange listings often act as catalysts for smaller tokens due to increased visibility and liquidity.

Perle (PRL) and Onyxcoin (XCN) were among the top gainers on Monday in the cryptocurrency market after Korean crypto exchange Upbit announced it had listed the tokens on its platform.

XCN’s price rose 36.2% in the last 24 hours to around $0.006 after the listing, paring gains from a three-month high of $0.008. At peak, gains extended beyond 64% after the announcement.

It was among the top trending tickers on Stocktwits at the time of writing and was among the top three gainers in the cryptocurrency market. Retail sentiment around the token on Stocktwits flipped to ‘extremely bullish’ from ‘bearish’ over the past day, and chatter jumped to ‘extremely high’ from ‘low’ levels. 

Meanwhile, PRL’s price rallied more than 50% to $0.34 in the last 24 hours, paring gains from an intra-day high of $0.37. Retail sentiment around the token on Stocktwits improved to ‘bullish’ from ‘neutral’ over the past day, and chatter increased to ‘extremely high’ from ‘high’ levels. 

Both outperformed Bitcoin (BTC), which fell 1.7% in the last 24 hours to around $76,700. The broader cryptocurrency market moved 0.9% lower, but remained above the $2.6 trillion mark.

Upbit Listing Drives Sharp Gains For Onyxcoin, Perle

The gains followed Upbit’s announcement that it would begin supporting trading for both tokens across multiple markets. Onyxcoin will be available in KRW and USDT pairs, while Perle will be listed across KRW, BTC, and USDT markets.

Listings on major Korean exchanges often act as catalysts for smaller-cap tokens, given the region’s active retail trading base and deep liquidity in local currency pairs.

Onyxcoin is the native token of the Onyx Protocol, supporting Layer-3 blockchain operations built on Ethereum (ETH) and Base. It is used for governance, payments, and network security across applications, including smart wallets and automation tools.

The XCN crypto token has fallen nearly 70% in the last 12 months, and remains over 96% below its record high of $0.18 seen four years ago.

Meanwhile, Perle is built on Solana (SOL) and powers a platform focused on human-verified data for AI training. The network routes tasks to verified professionals who earn rewards for accurate contributions, aiming to improve the reliability of datasets used by enterprises and AI developers.

The PRL token went live in March earlier this year. It has more than doubled in value over the past month, and is currently around 20% below its record high of $0.43 seen in mid-April. 

Read also: Michael Saylor’s Latest Bitcoin Buy Is 10x Smaller After $2.5B Spending Spree

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