Pi Network (PI) News Recap March 7th

TL;DR

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

• PI’s value might 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 essential 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 listing it. Among the many first to embrace it had been Bitget, OKX, MEXC, and others. 

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

The aforementioned milestone has probably elevated the undertaking’s recognition. 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 undertaking stays fairly controversial, with some trade contributors 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 staff beforehand set February 28 as a deadline for these efforts, however as traditional, it prolonged the date. Final week, it moved the Grace Interval to March 14.

“This extension particularly helps Pioneers who’ve just lately returned and need to reengage with the community now that Open Community is reside, upholding Pi’s core targets 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 just 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 resolution to listing 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 need to see the token accessible for buying and selling. The outcomes turned official on February 27, with over 86% of the voters clicking the “sure” possibility. Regardless of the overwhelming assist, Binance has remained silent on the matter.

Such an inventory would enhance PI’s liquidity and increase its accessibility. This, in flip, may spark an upward stress for the valuation.