Pi Network's Cryptocurrency, Pi Coin (PI), Surges 20% on Binance Listing Rumors

Pi Network's cryptocurrency, Pi Coin (PI), has made headlines with an impressive 20% price surge in just 24 hours. The rally has sparked growing speculation about its potential listing on Binance

Cryptocurrency prices can be quite volatile. Despite the recent bullish price action, there are still some critical factors to consider.

Coin (PI), the cryptocurrency developed by Pi Network, has seen a remarkable 20% price surge in just 24 hours, sparking widespread interest in the token.

Recently, there has been speculation about a potential listing on Binance, one of the world’s largest cryptocurrency exchanges. However, with a critical deadline looming for users to complete KYC and migrate their tokens, questions remain about the coin’s long-term stability and growth.

Network’s Price Surge

According to data from CoinMarketCap, Pi Coin (PI) experienced a 28% surge in just 24 hours. The coin climbed from $1.35 to $1.73, pushing its market capitalization to $11.8 billion. This price jump was accompanied by a 65% increase in trading volume, which reached $744 million by Wednesday.

However, despite the recent surge, Pi Coin is still 7% below its $1.74 all-time high, which was reached in late February.

is rapidly approaching the sixth anniversary of its founding. It started its journey on March 14, 2018, and has since become a popular choice for those interested in cryptocurrency.

Pi Network continues to simplify cryptocurrency mining with its mobile-first approach, making digital currency more accessible to a broader audience.

Why Is Pi Coin Rising?

Pi Coin’s price surge comes amid speculation about a potential Binance listing as investors bet on increased liquidity and trading activity.

Earlier this year, 86% of Pi network users voted in favor of Binance listing PI. However, Binance has yet to confirm whether it will list Pi Coin.

Some members of the Pi Network community speculate that Binance could list Pi Coin as early as March 14—coinciding with the network’s sixth anniversary.

“I believe that Binance will list Pi in the next two weeks, probably on March 14 for Pi Network’s sixth anniversary,” one user wrote in a recent comment.

Another community member added, “It’s going to be a slaughter when Binance lists Pi. Everyone will be FOMOing in.”

However, other members of the community expressed skepticism about a potential Binance listing. They pointed out that Binance usually lists coins with high trading volume and liquidity, and Pi Coin may not meet these criteria.

Those who fail to meet this deadline risk losing most of their Pi holdings, except for those mined in the last six months.

The migration process will involve transferring Pi coins from the Testnet to the official blockchain (Mainnet), allowing holders to use their tokens across a broader ecosystem.

This will be a pivotal moment for Pi Network, as it marks the transition from a Testnet phase to a fully operational Mainnet.

However, the migration process has been riddled with technical issues and long wait times, leading to frustration among community members. Many users reported difficulties completing KYC (Know Your Customer) procedures, resulting in further delays and complications.

In addition to the migration deadline, there are other factors that could affect Pi Coin’s price in the long term.

As one community member pointed out, there are currently only 7.15 billion Pi Coin in circulation out of a total 100 billion. This low level of circulating supply could lead to increased price volatility and susceptibility to price manipulation.

Another critical factor is the potential for large-scale token unlocks, which could dilute the token price.

Despite the recent price surge, Pi Network still faces serious challenges.

Despite the recent price surge, Pi Network faces serious challenges. 

Users report technical issues and poor support with KYC and migration, fueling frustration and backlash within the community.

In addition, concerns over mass PI token unlocks also loom large. With only 7.15 billion Pi Coin in circulation out of a total of 100 billion, investors fear dilution and price drops.

Why This Matters

Whether Pi Coin can sustain its momentum will depend on a successful migration process, potential exchange listings, and investor confidence in its long-term viability.