The recently emerged PHY token in the Binance wallet refers to the DePHY Network project (PHY), officially listed on the Binance Alpha platform on July 26, 2025. Here is a comprehensive analysis of the situation:
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🪙 Overview
Listing date: Trading began on Binance Alpha on **July 26, 2025, at 16:00 (UTC+8)**.
Airdrop: 750 PHY were offered for free to users with 200 Alpha points or more, with the required threshold gradually decreasing each hour if the reward was not fully claimed, claims were made on a first-come, first-served basis.
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📊 Current data (up to August 6, 2025):
Current price: between $0.0153 – $0.0176 depending on the platform, with Binance indicating around $0.01754, while it ranged on CoinGecko between $0.0153-$0.01545.
Circulating market cap: around $1.1-$1.3 million with a current supply of about 72.29 million PHY tokens out of a maximum of 1 billion tokens.
Daily trading volume: ranged between $120,000 – $15 million depending on the platform, reflecting high volatility in demand.
Price Performance:
Dropped by -7% to -9% over the past 24 hours.
Declined by about -60% over the last seven days since listing.
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🧩 Project: DePHY Network
Proposes a decentralized infrastructure for physical infrastructure (DePIN) and integrates AI services through the "DePHY stack" of layers (Messaging Layer and Mesh).
Aims to connect blockchain-based AI models with real-world data and ecosystems.
Tokenomics indicates a relatively conservative distribution with a limited maximum supply of 1 billion tokens, adding an element of scarcity.
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⚠️ Risks and Influencing Factors
Severe volatility: Since the listing in July 2025, the price has dropped by approximately 60% in seven days, reflecting the potential for strong sell-offs from early investors.
Small market and low market cap (around 1-3 million dollars), making the price more susceptible to manipulation and fluctuations.
Media-driven news: Self-analyses from Binance indicate additional growth, and the value could reach 5x, but often rely on technical signals like RSI and MACD divergence rather than strong fundamental evidence so far.
Rumors of future partnerships: There are possibilities of new partnerships that could enhance visibility, but they have not been confirmed yet.
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📌 Evaluation Summary
Point Details
Current price Around $0.015-$0.017
Market Very small (≈ 1–3 million $ Market Cap)
Risks High volatility, limited liquidity, potential for profit-taking sell-offs
Potential growth DePIN + AI project with a promising technical trajectory
Listing burden Newly listed (July 26, 2025)
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✅ Recommendations
If you wish to invest, allocate only a small portion of your portfolio to this token while using a stop-loss.
Follow official news (Binance, the project's official website, team tweets) to assess any future partnerships or technical updates.
Monitor daily trading volume and selling trends from early investors.
Read the whitepaper if available, to understand token distribution and the full release schedule.
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🌟 Quick Summary
The PHY token is a newly listed token of the DePHY Network project on Binance, with a low price and significant volatility since listing. It offers a unique idea in decentralized infrastructure (DePIN) and artificial intelligence, but it is still low in value and its investment is risky. It is advised to follow developments cautiously and make informed decisions when allocating or trading.