Pi Network Hits a New All-Time High of $2.99 (2/27/25)—Is a Break to $10 Next?

Jakarta, Pintu News – On February 27, 2025, the price of Pi Network (PI) reached a new all-time high, sparking bullish sentiment towards the crypto asset.

This price spike, especially amidst the overall downward trend of the crypto market, further casts doubt on the allegations that Pi Network is a scam.

Pi Network (PI) Price Scores a New Record High

According to CoinGecko data, Pi Network briefly reached a new all-time high of $2.99 today, just six days after hitting a low of $0.60. However, as of writing, the PI coin price has retraced to $2.76, still marking an impressive 23.3% gain.

Read also: Pi Network Soars 76% Today (2/27/25) – Can PI Coin Reach $3 Level?

This rise is all the more significant considering Pi managed to buck the market trend and surge amidst a massive crash that saw the prices of Bitcoin BTC->Current BTC PriceRp 0Market Cap-Trading Volume-Circulating Supply-, Ethereum ETH->Current ETH PriceRp 0Market Cap-Trading Volume-Circulating Supply-, Solana SOL->Current SOL PriceRp 0Market Cap-Trading Volume-Circulating Supply-, XRP XRP->Current XRP PriceRp 0Market Cap-Trading Volume-Circulating Supply-, and other major digital assets fall.

The latest Pi to ATH price rally has reignited the debate on whether Pi Network is a scam. Before the launch of its mainnet, some members of the crypto community had already accused the project of being a scam. The accusations continued even after the launch, especially when the Pi Coin price plummeted to a new low.

Bybit’s CEO, Ben Zhou, even publicly called Pi Network a scam and emphasized that his exchange will not list the token.

Meanwhile, in a post on X, crypto influencer SHIB Gems also called Pi Network a scam, although he acknowledged that traders can still make profits from this token.

Pi Network Responds to Scam Allegations

In a post on X, the Pi Network team responded to the scam allegations made by Ben Zhou. They emphasized that the project has no connection or involvement with the warning issued by the Chinese police.

In addition, they stated that to date, no police agency in China has contacted them regarding the alleged fraud.

Furthermore, the Pi Network team asserts that the project is a “legitimate platform.” According to them, this can be proven by its six-year track record and more than 60 million active users.

Read also: Pi Network is Making Waves! Can You Really Buy Property and Cars with Pi Coin?

They also explained that the delay in launching the mainnet on February 20 was a deliberate decision to ensure the project was fully ready before its full launch.

This delay was also done so that the Pi community could mature and face the challenges that often arise in the launch of other crypto projects, including the actions of irresponsible parties not affiliated with the project.

In addition, the Pi Network team emphasized that they are not associated with the social media accounts attacking Bybit’s CEO and denounced the negative comments directed at him.

Pi Network ready for $10 (€164,712)?

After setting a new record high ATH->Current ATH PriceRp 0Market Cap-Trading Volume-Circulating Supply-, crypto analyst Gem Hunter predicts that the price of Pi Coin could still skyrocket up to $10 (Rp164,712). He emphasized that even though the crypto market is bearish and many assets are in decline, Pi is still capable of reaching the $2 level.

One of the reasons behind the analyst’s optimism is the potential listing of Pi on Binance. According to him, if Pi makes it to the world’s largest exchange, the token’s price could easily surpass $5 and even reach $10.

Previously, he also correctly predicted that the price of Pi would reach $2.8-which ended up happening even before Binance officially listed the token.

Meanwhile, crypto community member Moon Jeff revealed that Pi is likely to make its way to Binance soon. He mentioned that as of yesterday, 192,000 Binance users had voted in favor of listing Pi on the exchange, while only 29,000 voted against it.

Also read: XRP price likely to jump 300% in March 2025? Here are 3 main reasons!

Seeing the majority of votes in favor of this listing, Moon Jeff is confident that Binance will soon list Pi Network. If this happens, the impact could be very bullish for Pi Coin and potentially push its price to new highs.

However, it should be noted that many Pi users have yet to receive their token allocations. If token distribution does eventually take place, Pi could experience significant selling pressure as many investors look to cash out their assets.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Pi Coin Price Hits New All Time High: Is Pi Network Really a Scam? Accessed on February 27, 2025
• Crypto News. Pi coin surges 80% breaking previous all-time high amid Binance listing rumors. Accessed on February 27, 2025