Pi Network (PI) Jumps 37% to Hit New ATH Amid Binance Listing Speculations

Pi Network’s (PI) native token reached a new all-time high of nearly $3 just hours ago despite the recent cryptocurrency market downturn. The token is currently trading at $2.50, according to CoinGecko data.

According to the project, its native token market capitalization exceeds $18 billion, although it’s important to note this figure is self-reported by the project and unverified. This self-reported capitalization, based on a circulating supply of over 6.6 billion tokens, would rank PI as the 11th largest cryptocurrency, surpassing TRON, Cardano, and Dogecoin.

Notably, Pi Network offers a user-friendly mobile platform for mining and transacting its social cryptocurrency. This ecosystem also supports the development and deployment of applications built on its blockchain.

Will Binance List PI?

The price surge is largely attributed to speculation surrounding a potential Binance listing. A community vote on Binance, concluding today, February 27th, overwhelmingly favors listing PI (over 86% “yes” votes), suggesting increased liquidity and accessibility, potentially driving further price increases.

Several major exchanges, including Bitget, OKX, and MEXC, already support PI trading. Meanwhile, Bybit’s CEO, Ben Zhou, has publicly denounced Pi Network as a scam and rejected listing it.

Pi Network’s substantial and active X community is buzzing with anticipation, with many predicting further price increases. Some optimistic predictions suggest a price climb to $4 or even $40.

Moreover, in its Pre-Open Network launch on February 20th, some boldly forecast a price of $314.159, a number symbolically linked to π (Pi), although this would require a market cap exceeding $2 trillion—highly improbable given the current total cryptocurrency market capitalization is under $3 trillion.

PI Price Action Today

PI is bucking the current cryptocurrency market trend, showing significant growth. Trading volume exploded by 179.10% in the last 24 hours, exceeding $2 billion.

This surge follows a substantial price increase, with PI currently trading well above its all-time low of $0.6157, despite being slightly below its all-time high of $2.99. In fact, its price is up a massive 341.91% from its lowest point and has risen 198.30% in the past week alone.

It’s important to note Pi Network’s fully diluted valuation (FDV) of approximately $28 billion. This represents the maximum possible market cap if all 100 billion PI tokens were in circulation. However, this is a long-term projection; it depends on Pi’s token release schedule and may take years, or even decades, to reach.