Is Pullix Still Active? Examining the Correction Behind PLX’s Decline

The Current Status of Pullix (PLX)

Bitrue – Pullix (PLX) remains an active cryptocurrency, continuing to trade across decentralized and centralized platforms as of May 27, 2025. 

According to data from CoinGecko, PLX is listed on Uniswap V2 and Bilaxy, with live price tracking and modest trading volume still present. Despite its dramatic fall from earlier highs, the token maintains a market presence, indicating it has not been delisted or abandoned.

Yet this continued activity belies a more complex picture. Once valued at over $0.80 during its March 2024 peak, PLX has now plummeted to just under $0.002. 

This drop represents a staggering 97.2% decrease over the past year, reflecting not just market volatility, but deeper questions about liquidity, investor sentiment, and the overall health of the project. 

While Pullix still exists on-chain and on exchanges, the confidence surrounding it has clearly eroded.

Recent Price Performance of PLX: A Steep Descent

PLX’s current price stands at approximately $0.001979, resting just above its all-time low of $0.001895 recorded two days earlier. 

The 24-hour trading volume hovers around $43,700, signaling moderate interest but far below the levels associated with strong market confidence. The broader trajectory shows consistent contraction:

• 24h change: –17.7%
  
   
• 7d change: –9.2%
  
   
• 30d change: –41.3%
  
   
• 1y change: –97.2%
  
   

While the overall crypto market has posted marginal gains this week, PLX has moved in the opposite direction. This disconnect points to project-specific challenges rather than broader market headwinds alone.

Read more: Which Cryptos Are Expected to Boom in 2025?

What Caused PLX’s Price Correction?

Divergence from Broader Market Sentiment

PLX has underperformed not only against the general crypto market but also within its own ecosystem. While similar Ethereum-based assets gained upward momentum, Pullix recorded a weekly loss. This signals a waning of confidence and relevance in the eyes of traders and investors.

Liquidity Constraints and Volume Gaps

On Uniswap V2, PLX’s decentralized volume is particularly thin, around $1,900 in 24 hours. This creates high susceptibility to price swings, and when sell orders dominate, the downward pressure becomes amplified by the lack of depth in order books.

Incomplete Tokenomics Transparency

A known total supply of 200 million PLX exists, yet the circulating supply remains undisclosed. This lack of visibility creates apprehension, particularly among institutional or risk-conscious traders. Fears around sudden unlock events or inflationary pressures can quickly sap market enthusiasm.

Read more: Bitcoin (BTC) Price Prediction in the Next 100 Years - Crazy Predictions

Diminishing Utility and Fading Momentum

Initial momentum often carries speculative assets through their early stages. However, without sustained progress, community engagement, or ecosystem development, that hype dissipates. PLX’s fall from its $0.8154 all-time high suggests that many early expectations were not met—or were perhaps unrealistic to begin with.

Sensitivity to Broader Altcoin Trends

Micro-cap tokens like PLX are acutely vulnerable during market downturns or shifts to risk-averse trading. The current crypto landscape, while not in crisis, is seeing a consolidation of capital toward high-liquidity, high-utility assets. PLX, by contrast, remains in speculative territory with few anchors of stability.

Conclusion

Pullix (PLX) continues to trade, but its current standing is a cautionary tale of what happens when speculative fervor meets market reality. 

While it has not been delisted or technically abandoned, the project’s steep decline in price and trading volume suggests that enthusiasm has sharply cooled. 

The absence of transparent circulating supply, coupled with tepid liquidity and unmet expectations, has cast a long shadow over its once-promising ascent. Whether it recovers or continues its decline will depend entirely on renewed execution and regained trust—two elements that are currently in short supply.

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FAQs

1. Is Pullix (PLX) still an active cryptocurrency?

Yes, as of May 27, 2025, PLX is active and trading on Uniswap V2 and Bilaxy with live price data available.

2. Why has the price of PLX dropped so significantly?

The price decline is due to a combination of low trading volume, unclear tokenomics, fading project momentum, and weak investor sentiment.

3. What is Pullix’s all-time high price?

PLX reached an all-time high of $0.8154 on March 21, 2024.

4. Is PLX still being developed or updated?

There is no confirmed news or visible development activity suggesting a strong ongoing project push. Most updates appear stagnant.

5. Should investors consider PLX a dead coin?

While not technically dead, PLX is functionally struggling. Its survival depends on whether the team revives activity and regains market trust.