Despite price downfall fears around the trade price of the $PI token, crypto investors showed a high level of confidence in the Pi network crypto token project.
Summary
- Pi network to unlock $308 million worth of $Pi tokens this month.
- $Pi token surged 20% in the last 24 hours.
- Some $Pi token lovers are expecting a sudden Pi token listing announcement by Binance.
Pi Network is an infamous crypto project that originated in 2019 with the concept to provide the best alternative to the Bitcoin blockchain network & allow people to mine $Pi token via directly Pi token mining mobile app without using any type of high-cost computer/GPU equipment. In some countries, this crypto project was labelled as a Ponzi scheme.
As per the scheduled token unlock plan, the Pi network team will unlock a net 188 million Pi tokens, nearly $308 million worth at the current trade price of this token, this month.
Many crypto experts called this big supply unlock a very big fear point for the $Pi token investors, as it may badly crash the trade price of this token.
Despite such negative news around the $Pi token, the trade price surged 20% in the last 24 hours. At the time of publishing this report, the trade price of $Pi token is $1.65.
However, some people called it price manipulation, but many crypto investors said that there’s a very big number of people across the world supporting this token.
The current market cap of this token is $11.81 billion, with a trade volume of $799.82 million. With all these statistics, the $Pi token ranks at 11 positions in the whole Crypto space.
Binance vs Pi Token
In February, many people speculated that Binance would soon launch $Pi token, and also the majority of the Binance customers were supporting this crypto project to get listed on the Binance platform.
On 14 March, the Pi network team will celebrate the 6th anniversary of the Pi token project, and Pi token lovers are thinking that Binance may list this token with a sudden announcement.
Bitcoinik.com readers need to know that no official statement regarding Pi token listing came to the public domain by the Binance crypto exchange, so don’t make any blind financial decision regarding this token.
Last month, many people showed their opposition to this crypto project, calling it the Ponzi scheme & outdated crypto project with nonsense concepts and nonsense people.
$Pi Token Migration Is Now Live
In the last couple of years, following multiple promises around Pi Network blockchain development news, the project team behind Pi Network asked the Pi token app users to complete their KYC levels to get eligibility to move the token on the exchanges.
KYC verification levels were highly complicated to pass, but in recent days, some Crypto X users have confirmed that they succeeded in migrating the token from the app to the crypto exchange, but there is a two-week lock period.
Read also: What Is XRP Spot ETF? When XRP ETF Approves?
Disclaimer: We at Bitcoinik.com present you with the latest information in the crypto market. However, this information should not be regarded as financial advice and viewers should consult their financial advisors before investing.
