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Phala Network’s PHA Token Jumps 36% on Bithumb Exchange Listing and AI Partnership News

Phala Network’s PHA Token Jumps 36% on Bithumb Exchange Listing and AI Partnership News

Author:

Global Cryptocurrency

Published:

2026-03-20 10:35:09

19

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Bithumb exchange News -

Phala Network's PHA token surged 36% to $0.0437 following its listing announcement on South Korea's Bithumb exchange. The new PHA/KRW trading pair goes live March 20, 2026, tapping into Korea's high-volume retail trading market.

The rally cooled slightly to $0.0389—a typical retracement after such a sharp move. Meanwhile, Phala's partnership with Venice AI adds fundamental weight to the surge. The collaboration enables private AI processing via Trusted Execution Environment (TEE) technology, positioning PHA as a player in the red-hot AI crypto sector.

Notably, the token's rise defied broader market stagnation. Its performance mirrors sector-wide momentum as traders rotate into AI-related crypto assets.

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