Dorm DAO Sets $2.50 to $3 Target for Pearl Token, Flags Risks

Dorm DAO, a University of Oregon blockchain group, set a $2.50 to $3 target for Pearl (PEARL), outlining an investment case that includes possible exchange listings and several project risks.

The group’s report put Pearl’s market capitalization at about $531 million and recommended a full allocation to the token. Dorm DAO cited potential listings on Coinbase and Kraken, an FP8 kernel upgrade and the AI-computing narrative as possible catalysts.

Dorm DAO describes Pearl as a layer-1 blockchain using proof of useful work. Its network replaces traditional proof-of-work calculations with matrix multiplication, allowing GPUs to process AI tasks while helping secure the network and earn token rewards.

The report also says fewer than 1% of blocks involve actual AI tasks and projects token supply to grow about 86% in 2027. It flags that the team’s holdings among roughly 122 million tokens generated during the mainnet’s first six days were undisclosed, and that Pearl has not completed a third-party code audit.