Pi (PI) Coin Price: Network Token Surges 80% as Binance Listing Vote Nears Conclusion

TLDR

• Pi coin surged 80% in 24 hours reaching a new all-time high of $2.99
• Trading volume exceeded $3.2 billion while the broader crypto market declined
• Pi Network has over 100 million app downloads with 65 million active users
• Binance is conducting a community vote on whether to list Pi, ending February 27
• Despite its rising value, Pi Network faces controversy with some industry leaders calling it a scam

Pi coin has experienced a price increase of 80% in the past 24 hours, reaching a new all-time high of $2.99. This surge comes at a time when the broader cryptocurrency market is in decline, with Bitcoin falling below $85,000.

The price jump has been accompanied by a huge increase in trading volume. Pi’s 24-hour trading volume has surpassed $3.2 billion according to crypto price trackers. This places Pi among the top five cryptocurrencies by daily trading volume.

The token had been trading as low as $1.65 before the rapid price increase. This marks a 242% rally from its recent low of $0.6157 on February 20, 2025. The timing is unusual as most major cryptocurrencies are experiencing a sharp downturn.

Pi Network
PI Price

Technical indicators show mixed signals for Pi. The 5-minute chart shows price action fluctuating around the 9-EMA, which is acting as both support and resistance. The RSI at 55.60 suggests neutral momentum.

Key price levels to watch include $3.00 as resistance and $2.90 as support. Crypto analyst Kim Wong has set a higher target of $3.80 for Pi coin. Many traders are watching to see if the token can break through the $3.00 barrier.

The Pi Network officially went live on February 20, which has renewed investor interest. Pi is currently listed on five popular centralized exchanges. More listings could potentially drive further price action.

Binance Listing?

Binance is currently conducting a community vote on whether to list Pi coin. The vote is expected to end on February 27, after which the exchange will announce its decision. The majority of respondents have reportedly voted in favor of listing.

A Binance listing would be a major catalyst for Pi. Large exchanges often drive increased trading volume and accessibility. Pressure is also building on other major exchanges like Coinbase to add Pi coin.

Pi Network has gained a wide user base over time. The project reports over 100 million app downloads, with 65 million active users and 19 million verified members. This large community has helped drive adoption.

Despite its rising value, Pi Network remains controversial. Some industry leaders, including Bybit CEO Ben Zhou, have criticized the project. There have been allegations that Pi Network operates as a pyramid scheme.

There are also concerns about Pi’s unverified circulating supply. Due to a lack of independent verification, major tracking platforms like CoinMarketCap and CoinGecko have excluded Pi from their official rankings.

Pi Network’s self-reported market valuation currently exceeds $17.5 billion. Its fully diluted valuation (FDV) stands at about $21.37 billion according to available data. These figures would place Pi among the top 10 cryptocurrencies excluding stablecoins.

Wong has emphasized that Pi coin is not just another meme coin. He believes it has real use cases and is backed by a strong network. Wong sees Pi Network as one of the most innovative projects in the space.

The project aims to become a widely used digital currency. Its large user base gives it an advantage in terms of adoption potential. However, the lack of verified information remains a concern for many investors.