• Pi Network, started by Stanford Ph.Ds., has over 60 million users and is on major exchanges with active airdrops.
  • PI token was launched on Feb 20, Pi coin value fell from ~$1.9 to ~$0.6, and increased 66% to ~$1.45 in 24 hours.
  • 85% pro-Binance vote for listing speculations, as Bybit CEO slams the project, when it surpasses 100 million downloads in India.

Established by Stanford Ph.Ds. Nicolas Kokkalis and Chengdiao Fan in 2019, the Pi Network has amassed more than 60 million users.

Its native token, PI, As Pi coin value is currently listed on major exchanges such as OKX, Bitget, Bitrue, HTX, and BitMart. As a way to encourage participation, Bitget airdropped a $60,000 Pi (through March 3), and BitMart is awarding 300 users with $3,000 USDT worth of PI tokens.

Pi Network released its Open Network and native PI token on February 20, marking almost six years in beta. The long development and speculation time built a robust community. Then, the token release experienced a “sell the news” response that caused its price to fall from close to $1.9 to close to $0.6 within hours of going live on exchanges such as Bitget, OKX, and MEXC.

The PI token surged by over 66%

The price of PI coin value over 66% within 24 hours to be trading at around $1.45, peaking at $1.62. In contrast to unverified market cap data from CoinGecko and CoinMarketCap, volumes jumped 180% over yesterday, indicating the interest is back.

What Caused Pi Network’s PI coin value to Jump 65% in 24 Hours? image 0

A Binance poll, the largest cryptocurrency exchange, seems to be the reason behind the recent price surge. Preliminary results show 85% in support of listing the PI token on Binance. Official results are due on February 27, but this strong level of support creates speculation of near-term listing, which has a tendency to cause rapid price spikes and reversals.

Pi Network is in conflict and criticized by Bybit, whose CEO calls it a scam. However, its influence is growing, especially in India, where it has exceeded 100 million downloads. The milestone reflects the platform’s global influence and growing interest in its digital currency approach.

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