TL;DR
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Pi Community launched its Open Community on February 20. A couple of weeks later, it gained over 4 million followers on X (previously Twitter).
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PI’s worth 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 severe achievements over the previous few weeks. Maybe a very powerful 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 worth skilled large turbulence throughout its first buying and selling days, hovering between $0.65 and an all-time excessive of virtually $3 on February 27. At present, PI trades at roughly $1.80 (per CoinGecko’s knowledge).
The aforementioned milestone has probably elevated the undertaking’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 undertaking stays fairly controversial, with some business individuals 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 crew beforehand set February 28 as a deadline for these efforts, however as normal, it prolonged the date. Final week, it moved the Grace Interval to March 14.
“This extension particularly helps Pioneers who’ve not too long ago returned and wish to reengage with the community now that Open Community is reside, upholding Pi’s core aims of inclusivity and equity. Submit your KYC utility 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 not too long ago stabilized at round $1.80, however it might quickly expertise a brand new bout of turbulence. One issue that may set off substantial volatility is Binance’s choice to checklist the token on its platform.
Final month, the world’s greatest crypto change held a neighborhood vote to find out whether or not its customers would wish to see the token obtainable for buying and selling. The outcomes turned official on February 27, with over 86% of the voters clicking the “sure” choice. Regardless of the overwhelming assist, Binance has remained silent on the matter.
Such an inventory would enhance PI’s liquidity and enhance its accessibility. This, in flip, may spark an upward strain for the valuation.
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