Pi Token has surged 40% in last 24 hours and on the hourly chart it is showing a strong bullish momentum. The positive trend is seen after the speculations circulating in crypto community again that Pi coin Binance listing is on the horizon in coming days. The news of Pi Binance listing was also previously circulating on internet but it never went through which led Pi token to drop from $3 to $0.38 in a couple of months.
Pi Network is also about to see an important update on May 14th which can be pretty significant for the Pi ecosystem.
However, no news of potential Pi listing on Binance has been confirmed by either party but this price surge in such a short span has increased interest of crypto community as they say “Buy the rumor, sell the news”.
Moreover, it has also been reported that a whale wallet on OKX exchange recently purchased 70 million Pi tokens which may also be associated with the speculative news of possible listing on Binance.
The price of Pi token may reach $1.5 in short term. But if Binance goes through with listing, the price may reclaim above $2.
One important detail to know is that a big chunk of Pi token holders are unable to sell their coins till 2028 as mostly are locked for 3 years.
