- Pi Network‘s native token (PI) reached a new all-time high of nearly $3, with a 35% daily increase despite the broader crypto market downturn.
- The token’s self-reported market capitalization exceeded $18 billion, potentially positioning it as the 11th largest cryptocurrency.
- A Binance community vote on listing PI shows strong support with over 86% voting in favor, likely driving price speculation.
- Major exchanges like Bitget, OKX, and MEXC already offer PI trading, while Bybit has explicitly refused to list it.
- Some community members project ambitious price targets despite practical market cap limitations that would make extreme valuations implausible.
PI token has surged to unprecedented heights, reaching a new all-time high of nearly $3 amid broader cryptocurrency market turbulence. The asset currently trades around $2.50, representing a remarkable 35% increase over the past 24 hours, defying the downward trend affecting most digital assets.
According to data from CoinMarketCap, PI’s market capitalization has reportedly exceeded $18 billion, though the platform notes this figure remains unverified. The data aggregator clarified that this valuation comes from self-reported information provided by the Pi Network project, which claims a circulating supply exceeding 6.6 billion tokens.
If accurate, this market capitalization would position PI as the 11th largest cryptocurrency globally, behind established assets like Tron (TRX), Cardano (ADA), and Dogecoin (DOGE).
The primary catalyst behind this price movement appears to be increased speculation surrounding a potential Binance listing. The world’s largest cryptocurrency exchange conducted a community poll to gauge user interest in PI trading on its platform. With results finalizing today (February 27), over 86% of participants have supported adding the token.
A Binance listing would significantly enhance PI’s market accessibility and liquidity, potentially fueling further price appreciation. Several major exchanges have already incorporated PI trading services, including Bitget, OKX, and MEXC.
Not all exchanges share this enthusiasm, however. Bybit CEO Ben Zhou has taken a firm stance against the project, describing Pi Network as a scam and confirming his exchange will not list the asset.
The Pi Network community maintains a substantial presence on social media platforms, particularly X (formerly Twitter). Many members are celebrating the recent price surge while projecting further growth. One community member using the handle Pi Blockchain has suggested potential price targets of $4 or even $40.
Before the February 20 launch of the Open Network, some enthusiasts predicted PI could reach $314.159—a figure symbolically tied to the mathematical constant π (approximately 3.14159). However, such valuations would require a market capitalization exceeding $2 trillion (assuming the reported 6.6 billion circulating supply), which appears highly improbable given that the entire cryptocurrency market currently stands below $3 trillion.
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