Pocket Network 225% Spike: Can POKT Keep Rising Ahead Of Hard Fork?

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May 30, 2025

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On-Chain Data Analysis and Market Insights

Pocket Network soared after a May 30 Upbit listing and ahead of the Shannon hard fork; the upgrade promises major scalability and multichain features, but extreme overbought signals and exchange volatility leave the rally’s durability uncertain.

Exchange-driven rally: Upbit listing injected fresh liquidity and Asian demand, triggering a rapid price surge that could prove short-lived without follow-through.
Fundamental catalyst: Shannon hard fork introduces modular token logic, native multichain support and relay-minting to scale API traffic, strengthening long-term utility.
Pullback risk: RSI ~92 and Bybit delisting noise heighten volatility; a correction is likely unless upgrade execution and sustained demand materialize.

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Pocket Network (POKT) surged by over 225% on 30 May following its listing on Korea’s largest crypto exchange, Upbit. With a key network upgrade just days away, can the rally sustain?

Pocket Network, a decentralized infrastructure protocol for Web3 applications, jumped from under $0.013 to nearly $0.048 in one of the token’s biggest single-day moves in recent memory.

The sudden spike comes as fresh liquidity pours in from a new exchange listing while anticipation builds around a major protocol upgrade scheduled for early June.

Why is POKT surging?

The biggest contributor to the uptrend was the 30 May listing on Upbit, a South Korean crypto exchange, which exposed POKT to a wider Asian market. The listing sent trading volumes soaring and triggered a spike in price. At one point, POKT jumped over 590% within minutes of the announcement.

Pocket Network(POKT) KRW Market Support

✅ Supported Market : KRW Market
📅 Trading opens at: 22025-05-30 19:00 KST estimated

🔗 Discover more:https://t.co/Cwzjsvdq9g #Upbit #POKT @POKTnetwork pic.twitter.com/QplqVeVnyk

— Upbit Korea (@Official_Upbit) May 30, 2025

Aside from the listing hype, Pocket Network is also set to undergo its most important network upgrade yet, the Shannon hard fork, on 3 June.

On June 3rd at 10AM PT, Pocket Network will perform a hard fork upgrading to the 𝗦𝗛𝗔𝗡𝗡𝗢𝗡 𝗠𝗔𝗜𝗡𝗡𝗘𝗧 👏

The Morse version of the network will be archived for lookup & be deprecated, w/ relevant network parameters set to 0, and traffic being redirected to the Shannon… pic.twitter.com/QLrMHwg3hQ

— POKT Network (@POKTnetwork) May 29, 2025

The update will introduce modular token logic, native multichain support, and a new “relay minting” system capable of scaling to trillions of API requests. These improvements aim to make the network faster, more scalable, and better suited for a multichain future.

Dubbed State Shift Day by the Pocket team, this migration will move all activity from the older Morse MainNet to the upgraded Shannon MainNet.

What is Pocket Network?

Pocket Network is a decentralized infrastructure protocol that helps Web3 apps access blockchain data through a network of independent node operators and currently supports over 40 blockchain ecosystems.

The $POKT token powers the ecosystem, allowing node operators to stake, earn rewards, and participate in governance.

Bybit delisting and team response

Interestingly, the surge in price came just days after Bybit announced its intention to delist POKT, citing low trading volume. The announcement was made on 23 May, with the delisting scheduled for 30 May, the same day POKT began its rally following the Upbit listing.

In response to Bybit’s action, the Pocket Network team issued a statement on 26 May, expressing strong disagreement.

The Pocket Network team is aware of Bybit’s decision to delist the POKT token as of Friday, May 30, 2025, citing low trading volume. However, given that the token has routinely exceeded the requirements, we strongly disagree with this action.

We have reached out to Bybit for…

— POKT Network (@POKTnetwork) May 26, 2025

POKT’s RSI signals overheated market

Based on the TradingView chart, POKT closed at $0.04788 on 30 May, recording an intraday gain of nearly 287%. Trading volume spiked to 31.2 million, confirming the surge in interest from new investors.

POKT daily price chart. Source: TradingView

However, the RSI (Relative Strength Index) currently sits at 91.86, indicating the token is deeply overbought in the short term. Historically, such extreme RSI levels tend to be followed by some cooling off or price correction.

That said, with the Shannon upgrade just days away, momentum could continue, especially if sentiment remains positive and no negative developments arise.

Adewale Olarinde is an experienced crypto journalist and content strategist with over five years of expertise covering blockchain technology, digital assets, and the evolving Web3 landscape.

At CryptoManiaks, he delivers clear, data-backed insights that simplify complex market trends for a wide audience, from crypto newcomers to institutional readers. Adewale’s work combines rigorous on-chain analysis with accessible storytelling, helping readers make informed decisions in a fast-paced and often volatile industry.

He is proficient in analytical tools such as Glassnode, Santiment, Coinglass, and CryptoQuant, which he uses to craft timely reports on price movements, token performance, and sector-wide developments.

Before joining CryptoManiaks, he contributed to several leading crypto publications and supported content strategy for blockchain-native projects. Adewale is also the founder of TokenTalks, a publication focused on deep crypto market research and narrative-driven analysis. Known for his precision and editorial discipline, he consistently bridges the gap between data and narrative in the Web3 space.

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