Pi Network (PI) News Recap March 7th

TL;DR

• Pi Community launched its Open Community on February 20. A couple of weeks later, it gained over 4 million followers on X (previously Twitter).

• PI’s value could expertise volatility if Binance lists the token, because the neighborhood overwhelmingly voted in favor of it.

The Newest Developments

Pi Community has accomplished some critical achievements over the previous few weeks. Maybe the most necessary one is the launch of the Open Community, which occurred on February 20. The event made the PI token publicly accessible and enabled exchanges to checklist it. Among the many first to embrace it have been Bitget, OKX, MEXC, and others. 

The asset’s value skilled enormous turbulence throughout its first buying and selling days, hovering between $0.65 and an all-time high of just about $3 on February 27. At present, PI trades at roughly $1.80 (per CoinGecko’s information).

The aforementioned milestone has doubtlessly elevated the venture’s reputation. As CryptoPotato reported, Pi Community’s followers base on X (previously Twitter) has surged previous 4 million. Thus, it surpassed Shiba Inu (3.9 million subscribers) and Ethereum (3.7 million followers). 

Regardless of the progress, the venture stays fairly controversial, with some business members describing it as a rip-off. In the meantime, many customers nonetheless haven’t accomplished Know-Your-Buyer (KYC) procedures and migrated to the mainnet. 

The group beforehand set February 28 as a deadline for these efforts, however as regular, it prolonged the date. Final week, it moved the Grace Interval to March 14.

“This extension particularly helps Pioneers who’ve lately returned and wish to reengage with the community now that Open Community is dwell, upholding Pi’s core aims of inclusivity and equity. Submit your KYC software and full your Mainnet Guidelines by 8:00 am UTC on March 14, 2025, to keep away from any forfeiture,” the disclosure reads.

Ready for Binance’s Transfer

The value of PI has lately stabilized at round $1.80, however it could quickly expertise a brand new bout of turbulence. One issue that may set off substantial volatility is Binance’s determination to checklist the token on its platform.

Final month, the world’s greatest crypto change held a community vote to find out whether or not its customers would wish to see the token out there for buying and selling. The outcomes grew to become official on February 27, with over 86% of the voters clicking the “sure” possibility. Regardless of the overwhelming help, Binance has remained silent on the matter.

Such a list would improve PI’s liquidity and increase its accessibility. This, in flip, might spark an upward stress for the valuation.