Pi Network Coin Rally: Is This the Beginning of a Major Bull Run?
The price of Pi Network (PI) has skyrocketed to a new peak of nearly $3, while its reported market capitalization has surged past $18 billion. Growing anticipation of a potential Binance listing appears to be a key driver behind this rally, with an overwhelming 86% of participants in a recent community vote supporting its addition to the exchange.
According to CoinMarketCap, PI’s market capitalization has exceeded $18 billion. However, the platform has issued a disclaimer stating that this figure is self-reported and has not been independently verified. The circulating supply is estimated at over 6.6 billion tokens. If accurate, this valuation would place PI as the 11th-largest cryptocurrency, ranking just behind prominent assets like TRON (TRX), Cardano (ADA), and Dogecoin ($DOGE ).
The speculation surrounding Binance’s potential integration of PI seems to be the main catalyst behind its recent surge. Binance, the world’s leading cryptocurrency exchange, recently conducted a user poll to gauge interest in listing PI. While the official results are expected today (February 27), preliminary data indicates that a vast majority of voters are in favor. If listed, Binance’s massive user base and liquidity could further propel PI’s growth. Some well-known exchanges, including Bitget, OKX, and MEXC, have already enabled trading for PI, while Bybit remains on the sidelines.