PHALA PHA

What PHA actually is on-chain

PHALA is an ERC-20 deployed on Ethereum, at contract address 0x6c5ba91642f10282b576d91922ae6448c9d52f4e. That address, not the ticker PHA, is what uniquely identifies this asset: anyone can deploy a second token calling itself PHA, but the contract is unforgeable. Verify it against etherscan.io before sending funds or approving a spend.

Because it lives on Ethereum, PHA is held in any EVM-compatible wallet, transfers are paid for in ETH rather than in PHA itself, and secondary liquidity sits in Uniswap-style AMM pools. Two consequences follow for anyone setting alerts: you need ETH in the same wallet to move the token at all, and a quoted price taken from a pool is a pool price — it includes slippage that an order-book quote would not.

For PHA the project publishes a whitepaper and an active account as @PhalaNetwork. That is a partial paper trail — enough to check claims against, not enough to audit. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where PHA sits in the market

Ranked #707, PHALA falls in the top of the small-cap band. The order book absorbs size poorly at this depth: one meaningful market order can reprice the tape by several percent before it retraces minutes later. A lone static price target therefore fires on noise, and what you want is a condition built to survive that wick. Venue coverage is narrow, which makes volume-based delisting a concrete risk rather than a theoretical one.

CryptoPingAi is currently streaming 6 live PHA order books (Binance, OKX, Gate.io, MEXC, HTX, Bithumb). That is wider coverage than most assets ranked near #707 carry, so a divergence on any one of them is far more likely to be a local liquidity event than a genuine repricing. One of them is a Korean won market, so the Kimchi-premium spread between the KRW and USDT quote is visible on this page.

PHA against its all-time high

More than 95% separates PHA from its all-time high of $1.39 (on 2021-05-15) — a 35.0x recovery. At that distance the high stops working as a reference at all; it belongs to a different supply structure, a different holder base and typically a different cycle. What carries information for PHA now is the downside, so read the range section below before this one. It was set 5 years ago. A reference that old says more about the cycle it belongs to than about the asset as it trades now.

PHA across its historical range

The recorded range runs 65.6x, from $0.0212 to $1.39 — wide by the standards of traditional assets, moderate for this one's class.

At 87.2% above its record low of $0.0212 (on 2026-03-01), PHA sits near the edge of its own price history. Nothing has traded beneath that level, so there is no support to reference, no volume shelf and no cost-basis cluster underneath. Because that low is itself recent, the asset is in an active downtrend rather than sitting at an old floor — each new low invalidates the previous one as a reference.

PHA supply and valuation data

PHALA sits just outside the band where circulating and total supply are independently verified, so we hold a valuation figure for PHA but not an audited token count. What we do have is a fully diluted valuation of $38.0 million as of 2026-05-12. That places it in the top 10% by fully diluted value.

Since the figure is a snapshot rather than a live number, we do not reverse it into a supply count: the price has moved since it was taken, and that division would produce a confident but incorrect token count. For any per-token valuation, check the current supply on the project's own explorer first. The authoritative figure is the one etherscan.io reports for this contract.

What kind of asset PHA is

PHALA is tagged in the AI category, which in this market is a narrative cluster before it is a technical one. Assets here tend to move together on AI sentiment — often correlating with equity-market AI news rather than with the rest of crypto — and the correlation is strongest exactly when the narrative is hottest. That makes sector rotation, not project-specific news, the usual explanation for a large move.

CoinGecko files PHA under 10 categories, including Artificial Intelligence (AI), Infrastructure, Oracle, Polkadot Ecosystem, Ethereum Ecosystem. CoinGecko also records deployments on Ethereum (3,072 tracked tokens), so its on-chain liquidity and its user base move with that network.

How to set a PHALA alert that is worth receiving

PHALA is the ERC-20 at 0x6c5b…2f4e on Ethereum — quoted on 6 venues we stream — high dated 2021-05-15 — rank #707. On this profile the condition that carries signal is thresholds anchored to the recent range rather than to the all-time high.

Full alert-design method: thresholds, RSI/MACD and volume conditions →