PEARL mining profitability collapses as token price drops 35% and network hash rate falls 24%

The PEARL token dropped from a $2.43 high to around $1.5 within ten days, while network hash rate fell from 87.79 EH/s to 66.34 EH/s. Daily per-GPU mining revenue fell below $6.51, dropping under the $8.40 daily rental income from AI inference services. Over 90% of PoUW hash power was running meaningless matrix calculations rather than actual AI tasks, and a single mining pool controlled nearly 50% of hash rate, approaching the 51% attack threshold. Daily token inflation of 1 million PEARL created over $1.55 million in sell pressure, exceeding daily spot trading volume.