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 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 the most vital 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 high of just about $3 on February 27. At the moment, PI trades at roughly $1.80 (per CoinGecko’s knowledge).

The aforementioned milestone has probably elevated the mission’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 mission stays fairly controversial, with some trade 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 ordinary, 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 need to reengage with the community now that Open Community is dwell, 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 not too long ago 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 checklist the token on its platform.

Final month, the world’s greatest crypto trade held a community vote to find out whether or not its customers would need 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 improve PI’s liquidity and enhance its accessibility. This, in flip, might spark an upward strain for the valuation.