Will Binance Rumors Send $PI Above $1?
The post Will Binance Rumors Send $PI Above $1? appeared on BitcoinEthereumNews.com. The Pi Network has seen renewed attention amid speculation of an upcoming Binance listing. Although no official confirmation has been issued by Binance, activity around the token—particularly a sudden increase of 5 billion PI coins added to the circulating supply—has sparked interest. This spike has driven $PI’s circulating supply from 7 billion to 12 billion, despite centralized exchanges and CoinMarketCap still reflecting the older data. The additional tokens are believed to originate from a liquidity pool, possibly in preparation for a major exchange listing. This move could indicate that the Pi Network team is aligning its infrastructure to meet listing requirements, especially with Binance in focus. Recent trading data shows that $PI’s price jumped 30% over the past day, signaling bullish sentiment and renewed momentum, which aligns with the broader crypto market’s upward trend. Daily trading volume also surged by 166%, with the token now priced around $0.96. Some observers believe the increased supply could stem from unlocked or unstaked coins, particularly after KYC completion, while others consider it a backend update to accommodate future liquidity needs. Despite conflicting theories, the spike in supply without a formal announcement suggests significant developments are underway. A major event scheduled for May 14th, is expected to bring more clarity, with core team members set to speak about future plans for the PI ecosystem. Source – Jacob Crypto Bury on YouTube PI Coin Price Prediction The market has shown signs of short liquidations, potentially creating a deceptive rally or bull trap. PI coin is also extremely overbought on the 4-hour chart, increasing the risk of a correction. A pullback to the $0.70 is possible before any sustainable move upward can continue. In the shorter timeframes, a breakdown of support within a symmetrical triangle pattern adds further uncertainty, although a modest recovery may follow. The…
The post Will Binance Rumors Send $PI Above $1? appeared on BitcoinEthereumNews.com.
The Pi Network has seen renewed attention amid speculation of an upcoming Binance listing. Although no official confirmation has been issued by Binance, activity around the token—particularly a sudden increase of 5 billion PI coins added to the circulating supply—has sparked interest. This spike has driven $PI’s circulating supply from 7 billion to 12 billion, despite centralized exchanges and CoinMarketCap still reflecting the older data. The additional tokens are believed to originate from a liquidity pool, possibly in preparation for a major exchange listing. This move could indicate that the Pi Network team is aligning its infrastructure to meet listing requirements, especially with Binance in focus. Recent trading data shows that $PI’s price jumped 30% over the past day, signaling bullish sentiment and renewed momentum, which aligns with the broader crypto market’s upward trend. Daily trading volume also surged by 166%, with the token now priced around $0.96. Some observers believe the increased supply could stem from unlocked or unstaked coins, particularly after KYC completion, while others consider it a backend update to accommodate future liquidity needs. Despite conflicting theories, the spike in supply without a formal announcement suggests significant developments are underway. A major event scheduled for May 14th, is expected to bring more clarity, with core team members set to speak about future plans for the PI ecosystem. Source – Jacob Crypto Bury on YouTube PI Coin Price Prediction The market has shown signs of short liquidations, potentially creating a deceptive rally or bull trap. PI coin is also extremely overbought on the 4-hour chart, increasing the risk of a correction. A pullback to the $0.70 is possible before any sustainable move upward can continue. In the shorter timeframes, a breakdown of support within a symmetrical triangle pattern adds further uncertainty, although a modest recovery may follow. The…
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