Pi Network Price Rise—75% Surge Sparks Frenzy

Analysis from CoinMarketCap shows that Pi Network’s price rally coincided with a massive surge in trading volume, which hit $3.54 billion in just 24 hours. With official supply figures taken into account, Pi’s market capitalization has now jumped to $16 billion, surpassing established players like Chainlink, Toncoin, and Litecoin.

The rumor mill surrounding a Binance listing kicked into high gear following a community vote, where users overwhelmingly supported the idea. While Binance is not obligated to act on the results, the vote could influence its decision-making process. Still, amid the growing frenzy, traders should stay cautious and remember the golden rule: “buy the rumor, sell the news.”

PI’s price action has sparked intense discussions on X, where traders are closely analyzing its trajectory. GEM HUNTER, a high-profile crypto investor specializing in memecoins and altcoins, pointed out that PI continues to gain momentum, brushing off Bitcoin’s decline and widespread fear in the market. Some technical forecasts now suggest that PI could surge to $5 in the coming weeks, potentially doubling the investment of those holding the token.

The bullish sentiment follows Pi Network’s long-awaited Open Network mainnet launch, giving users full control over their tokens, including the ability to trade freely on exchanges. Currently, OKX leads the market, providing multiple trading pairs for PI and boasting the highest trading volume among all platforms.

Following its listing, Pi Network—a platform where users can mine tokens via a smartphone app—suffered a major price drop and increasing skepticism from industry experts. Among its critics is Bybit’s CEO, who has accused the developers of manipulating key metrics, operating without independent validators, and even engaging in fraudulent activities, fueling doubts about the project's sustainability.

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