Pi Network has recently experienced significant developments, notably the launch of its open mainnet on February 20, 2025. This transition has led to increased trading activity, with PI Coin's market capitalization reaching an estimated $16 billion after a 70% surge in the last 24 hours.
However, the project has faced challenges, including allegations from Bybit CEO Ben Zhou, who labeled Pi Network a "scam." Pi Network responded, clarifying that a Chinese police report cited by Zhou targeted impersonators, not the project itself.
In terms of adoption, businesses in Florida have begun accepting PI Coin for transactions, such as real estate and car purchases.
Additionally, rumors of a potential Binance listing have intensified, leading to a 54% increase in PI Coin's value. A Binance community vote showed 86% support for listing the token, suggesting strong community interest.
For a visual overview of these developments, you might find the following video informative$BTC
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