TL: DR
- Pi Network finally launched its network opened earlier this week, alongside the Pi token, but its price fell in a classic Sell the-News event.
- However, he bounded hard in the last 24 hours after strong speculations according to which he will be listed by the greatest exchange of crypto in the world.
After years and years of development, rumors, delays and speculation, Pi Network finally published its open network and its native token for exchanges on February 20. Although the project is in a beta version for almost half a decade, its community has become strong and interested in it.
A little awaited, the beginnings of the Pi token were followed by an immediate price accident because the asset was listed on several renowned exchanges, such as Bitget, OKX and Mexc. It went from almost $ 1.9 to $ 0.6 in a few hours before you return in the past 24 hours.
In fact, the asset has added more than 66% on a daily scale and is now nearly $ 1.45 after culminated at $ 1.62 earlier in the day.
Its market capitalization has not been verified by the two largest data aggregators – Coingecko and CoinmarketCap – but both show that trading volumes have exploded 180% since yesterday.
Perhaps the most likely reason for the increase in volume and prices came from the Binance. The crypto giant recently organized a community vote to determine whether its users would like to see the Pi token available to discuss its platform.
Although the results become official on February 27, the temporary figures are quite overwhelming. Currently, 85% of all voters have clicked on “Yes”, which stimulated speculation of the PI network team that the list is inevitable.
These rumors tend to accelerate the price increases in cryptographic assets before even becoming reality, which is generally followed by a correction, just as it occurred after the launch of the PI network this week.
How long do you think it will take for Binance to free himself $ Pi? pic.twitter.com/reenr7DGM
– Pi News (@pinewsmedia) February 22, 2025
At the same time, Pi Network continues its verbal fights for the recently hacked exchange bybit, whose CEO thinks that the project could be a scam.
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