Report: Pearl lab raised $130M from Lightspeed, Ribbit and Square Peg, raising transparency questions for $PEARL
𝕏/@immutablejacob •
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Promote with Leviathan NewsAccording to the author, Israel's TheMarker reports that Pearl's lab raised $130M—$55M in equity and $75M for a GPU infrastructure fund—from Lightspeed, Ribbit Capital, and Square Peg, without official confirmation. The author argues this undermines $PEARL's "no VCs, fair launch" narrative, since the lab earns USD from inference while token holders get no revenue. Cited concerns include undisclosed early mining (about a third of supply mined in six days, 210M tokens at reduced difficulty), and a possible equity/token value split. The author states this strengthens their bearish view.
AI summary of the linked source — not editorial content.
Story signal · how it spread on X · via Elfa
as ofSpread
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Distinct X and Telegram accounts Elfa counted behind this story’s reports, summed over the thread. Not posts, not impressions.
3 accounts
first post
Leviathan +13.3 h later
PRL reaction
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Price change from the first post to 24 hours later (CoinGecko). BTC over the same window is shown so a market-wide move is not mistaken for a reaction to this story. Not advice.
−7.3% 24h after post
$1.88 → $1.74
BTC −0.6% same window
Elfa measured −2.9% 1d · still measuring
PRL attention
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Share of crypto chatter on X this week versus the week before (Elfa mindshare, weighted by who posts). A spike means the story pulled attention; it says nothing about price.
2.3× vs prior 7d
0.194% of crypto chatter · rank #61
last 24h +108.0%
LN
Thread · 1 event
- First reportReport of $130M Pearl Research Labs raise prompts dispute over its relationship to Pearl token3 acc.
- Leviathan published this article
All times UTC.
Cited posts
- @immutablejacob Jake Koch-GallupFirst reportOn X ↗
not officially confirmed, but @TheMarker, israel's main business paper, is reporting that @prlnet's lab raised $130M from lightspeed, ribbit capital, and square peg. $55M in equity and $75M for a fund to build out GPU infrastructure. ribbit and lightspeed are also named as… https://t.co/2d9UOi7WYp
- @brezshares ⏢brianbreslowOn X ↗
Nipping this one in the bud right away. Pearl is a fair launch L1. There is no equity / token split. Pearl Research Labs is an equity business AI lab, completely separate from the token. The only way to acquire Pearl is to mine it, or buy it from a miner. This is no… https://t.co/c3yxqrmOco
- @ProMint_X ProMintOn X ↗
Pearl Research Labs ($PRL) quietly raised $130M Leading Israeli business and financial newspaper TheMarker reported that Pearl Research Labs raised $130M from Lightspeed Venture Partners, Ribbit Capital and Square Peg without making any public announcements The funding includes…
TradersTrader calls tracked by Elfa · not advice
Positioning · PRL
Open60 open positions · 57 long · 3 short
Tracked accounts lean long about 97% of the time, so a long-heavy book is normal, not a signal. As of 25 Oct 22:28 UTC.
Reaction since the first post
Since 25 Oct 16:11 UTC1 calls opened · 0 long · 1 short
Whole crypto market, not this story
Crowding0th percentile · vs last 28 days, 50 typical
Pulse 24h10/100 · unusualness of new calls, 0–100, 50 typical, higher means more long than usual
Book97.2% long · 10,757 accounts
As of 26 Oct 05:25 UTC.
Social-monitoring data, not investment advice Elfa prices CoinGecko post text from Xas of
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