*Altcoin News Update (May 17, 2025)*
$ETH
**Market Overview:
Altcoins in Red**
The crypto market saw a mix of movements today. While **Bitcoin** held steady around **\$103,000**, most **altcoins** experienced a price drop:
* **Ethereum (ETH)** dropped by **5%** over the last 24 hours.
* **Solana (SOL)**, **XRP**, and **Cardano (ADA)** also fell by over **3%**.
* The downtrend is likely driven by market uncertainty and cautious investor sentiment.
### **Surge in Pi Network (PI)**
On a more bullish note, **Pi Network (PI)** surged by **11%**, fueled by rumors of a possible **Binance listing**. Its daily trading volume jumped by over **133%**, crossing **\$100 million**.
### **What This Means**
Altcoins are under pressure as traders wait for clearer market signals, but some emerging tokens like **PI** are showing strong momentum. This could be an opportunity for investors looking at short-term volatility plays.
