PHA Market Position Amid Migration

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The Phala (PHA) token is set to re-launch as an ERC-20 on Ethereum. Holders keep parity at a 1:1 swap.

As of October 2025:

PHA market cap: $80.6M

Ranked 11th largest AI-agent token

Among the top 50 AI-related crypto assets (CoinGecko)

Phala says the move will position it as a scalable, enterprise-ready AI cloud compute network.

[kelson10]

Migration phases are always tricky, but if PHA can maintain network stability and liquidity, this could set a stronger long-term base.

[Nahid10]

The short-term volatility might be high, but the fundamentals still look solid. Smart investors usually build positions in times like this.