PI coin rebounds more than three times at the bottom, with FDV approaching 300 billion US dollars; A
PI coin repeatedly reaches new highs
The cryptocurrency project Pi Network, which has always been unpopular among cryptocurrency industry professionals, seems to have not been affected by the recent market downturn, and the token PI price has continued to rise. According to Coinmarketcap data, PI coin rose to a peak of $2.99 this morning, with a market value of approximately $19 billion.
FDV and trading volume far exceed those of many altcoins
And the fully diluted valuation (FDV) has reached nearly $300 billion, surpassing currencies such as Ethereum and XRP. (But Ethereum's FDV is equal to its market value.)
In addition, although PI coin is only listed on four exchanges: Gate, OKX, Bitget, and MEXC, its total trading volume in the past 24 hours has reached $2.4 billion, surpassing a group of altcoins such as DOGE, SUI, and BNB.
Listing on Binance?
The astonishing rise seems to be related to the narrative of 'listing on Binance'. Binance officially launched a voting event on Binance Square on February 17th, asking the community if PI coins should be listed.
As of February 24th, approximately 219538 people participated in the vote, with over 80% in favor of listing. This seems to have provided a certain degree of driving force for the rise of PI coin. The voting event is expected to take place until February 27th at 23:59 UTC.
However, Binance officials emphasize that the voting results are for reference only and cannot determine any decisions or actions that Binance may or may not take. In addition, at the end of the event, Binance officials will remove votes that do not meet the criteria and votes that violate the terms and conditions, and then release the final numbers.
