06/08/2026
Many have asked about the recent movement in PHL’s market price.
With the recent closure of BitMart’s operations, we accelerated our transition to decentralized exchanges (DEXs) while we complete our next phase for our wallet. As our CEO, Jerry Lopez, mentioned in his recent update, you can continue to swap and buy PHL through PhilSocial Web.
We understand the current volatility may be unsettling but during any transition between trading venues, temporary market volatility and pricing inconsistencies can occur. This is totally normal.
Over the coming days, we expect a resolution on our token price. Until then, we appreciate your patience and commitment to hold strong.