Pi Network’s PI token surged 65% in the past 24 hours, fueled by Binance listing speculation and increased trading volume. After debuting on February 20, the token initially crashed in a sell-the-news event, but has since rebounded strongly.

Pi Network’s Open Network Launch and Initial Volatility

• Pi Network finally launched its Open Network on February 20, after years of delays and speculation.
• The PI token debuted on major exchanges, including Bitget, OKX, and MEXC.
• Initial price action:
  • Opened near $1.90, then crashed to $0.60.
  • Rebounded to $1.45, peaking at $1.62 earlier today.

Binance Listing Speculation Driving the Rally?

• Binance recently held a community vote to gauge interest in listing PI.
• Interim results show 85% of users voting ‘yes’, suggesting strong demand.
• Speculation of an imminent listing has driven trading volume up 180%, despite no official confirmation yet.

Market Impact and Next Steps

• If Binance lists PI, trading volume and liquidity could surge further.
• Historically, pre-listing speculation drives price up, often followed by a correction after the listing.
• Meanwhile, Pi Network continues its dispute with Bybit, whose CEO has questioned the legitimacy of the project.

With official Binance voting results expected on February 27, the market will closely watch whether Pi Network secures a listing on the world’s largest exchange.

While many focus on price speculation, the real story is Pi Network’s credibility battle. If Binance lists PI, it could legitimize the project in the eyes of skeptics—but if it rejects the listing, PI’s recent rally could unwind just as quickly. The next 48 hours will be critical for its market trajectory.