A recent significant transaction involving Pi Network (PI) tokens has garnered attention in the cryptocurrency community. On April 20, 2025, an anonymous wallet acquired 7.51 million PI tokens from the OKX exchange in a single transaction. This substantial movement has led to speculation about potential institutional interest in Pi Network. $ETH

Regarding exchange listings, OKX officially listed the PI token for spot trading on February 20, 2025. The listing included a call auction to determine the opening price and imposed trading limits during the initial minutes to ensure stability.

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As for Binance, while a community vote showed overwhelming support (86.6% in favor) for listing PI, Binance clarified that the vote was for reference only and does not guarantee a listing. The exchange emphasized that it would review the votes and make a decision after the voting period ended on February 27, 2025.

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It's important to note that following its mainnet launch, the PI token experienced significant price volatility, dropping over 65% from its initial trading price. This sharp decline raised concerns about liquidity and the project's overall stability.

In summary, while a large acquisition of PI tokens has sparked discussions about institutional interest, and OKX has listed the token for trading, Binance has not confirmed a listing. Investors should remain cautious and conduct thorough research before engaging with the PI token.

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