💥 Why did the price of Pi Network rise today?

😱 Shocking surge! Pi Network skyrocketed 7%, Binance listing rumors ignited a frenzy! 🚨💥

Pi Network (PI) rose 7% today, breaking $0.62 and reaching a two-week high! What is the reason behind this?

PI price reversal

PI has been sluggish for a long time, rebounding from a low of $0.4 on April 5, struggling to catch up with other altcoins, hovering below $0.6 for more than seven days. Today, however, it surged 7%, creating the strongest daily candlestick in recent months, reaching $0.62.

Unveiling the driving forces behind the rise

The overall market recovery is one reason, but the official X (4.3 million followers) of Pi Network announcing a "major ecological announcement" on May 14 has sparked even more discussion. X user Moon Jeff revealed that Binance is suspected of testing PI deposits and withdrawals, hinting at a possible listing. Previously, 86% of the Binance community supported PI's listing, but there is still no conclusion.

Will PI reach new heights or is it just a flash in the pan?

The announcement and listing rumors have ignited the market. Can PI leverage this momentum to reach new highs? The crypto community is buzzing, and we are watching closely!