[KR KOL Index] Apr 22 | Top Trending Topics on Global & KR Timelines

After Upbit said it was postponing trading support for Perl (PRL) due to a “circulating supply-related issue,” the community quickly amplified suspicions about who sold and reactions to losses, including claims that “people who bought after the listing notice likely took a hit.” On-chain links were shared, along with observations like “selling stopped once the investigation started,” and cynical takes that Upbit would face criticism whether it proceeded with or canceled the listing.

Upbit delays PRL trading support… suspicion and anger over “circulating supply issues”

The most shared item was Upbit’s notice itself. The notice stated that “a circulating supply-related issue has been identified; we have requested an explanation from the project, and trading support will be postponed until verification is complete.” This triggered continued concern about investor harm. In particular, the line that “those who bought after the listing announcement would have suffered significant losses” spread widely, expanding into a debate about the credibility of the listing process.

Despite explanations that “ecosystem tokens were sold”… wallet-coordination and sell-tracking posts rise

Some channels circulated a summarized explanation claiming “ecosystem allocations, not the foundation, sold,” but rebuttals quickly followed, arguing that “the wallets move like a single entity.” Debank transaction-history links circulated and the community intensified efforts to track “who sold, and when.” Repeated observations such as “selling stopped right after posts went up” also appeared. Calls to cancel the listing “as an example” spread alongside the dilemma that either forcing through the listing or canceling it could both provoke backlash.

In a mildly weak market, ‘macro fear’ and ‘whale longs’ discussed at the same time

Overall market chatter reflected a mildly weak, directionless tone. One channel’s morning brief summarized figures such as total market cap at $2.68T (-0.5%), Fear & Greed Index at 47 (neutral), BTC around $77K (-0.4%), and ETH around $2,300 (-0.7%). At the same time, posts highlighting past episodes where Bitcoin plunged around Fed chair replacement periods circulated, reinforcing macro caution. Conversely, summaries noting that Hyperliquid whales have been aggressively building long positions since March were also shared, reflecting a mix of caution and speculative positioning.

Launchpad refund options and airdrop info spread… heightened interest in risk management

Risk-management oriented information also ranked highly. An announcement that Kaito Launchpad’s “Billions token sale” added a refund option (choose 100% refund or bonus + lock-up) was shared, with community reactions focusing on the structure of having options. Meanwhile, some weakly sourced items—such as rumors of a celebrity purchasing a BAYC—also circulated in the minting/NFT space, but overall, loss- and verification-linked topics like PRL’s circulating-supply issue drew the strongest engagement.

The day’s top community topic centered on the explosive spread of suspicion and on-chain tracking around Upbit’s PRL trading-support delay due to circulating supply concerns and the identity of the seller. At the same time, amid a mildly weak market, keywords tied to “supply/demand and risk”—including Fed-change anecdotes, whale positioning, and token-sale refund options—were consumed together, suggesting investors were more sensitive to verification and safety mechanisms than short-term direction. This content was produced based on Telegram messages collected using DataMaxiPlus community analysis technology.