Summary
- Paycoin (PCI) reportedly shot up nearly 15% intraday on positive news regarding its issuer, Danal.
- The news that Singapore’s sovereign wealth fund Temasek requested an investor relations (IR) meeting with Danal is said to have sparked the buying momentum.
- Foreign fund interest linked with the Korean government's push for stablecoin policy is reportedly influencing investment sentiment.
Paycoin (PCI) is showing a sharp intraday surge. It is interpreted that buying momentum has gathered following news that its issuer, Danal, is receiving attention from Singapore's sovereign wealth fund, Temasek.
At 2 p.m. (Korea time) on the 1st, Paycoin is being traded at 145.1₩ on the domestic cryptocurrency exchange Coinone, an increase of 14.34% compared to the previous day. Paycoin recorded a session high of 149₩, but its upward momentum now appears to have eased somewhat.
The rise in Paycoin is analyzed to be underpinned by favorable developments related to its issuer, Danal.
Earlier that morning, news emerged that Singapore's sovereign wealth fund Temasek had requested an investor relations (IR) meeting with Danal. Temasek is seen as showing interest in Korean fintech and payment companies, in line with the Korean government's push for stablecoin policies. However, a Danal official declined to comment on this.
Meanwhile, at the same time, Danal is being traded on KOSDAQ at 7,170₩, up 26.86% from the previous day.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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