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Jakarta, Pintu News â Since the Pi2Day event at the end of June, the Pi coin price has been mostly flat and slowly declined to around $0.45 due to strong selling pressure.
Even so, the Pi Network community is filled with renewed optimism fueled by rumors of a possible listing on Binance, recent whale withdrawals, as well as other positive developments that could potentially reawaken market interest in Pi cryptocurrency.
Speculation that the Pi coin will soon be listed on Binance has risen again after the appearance of Binance-related support options in the Pi wallet.
Read also: Pi Network Listing on Binance Soon? New Features on Pi Wallet Spark Wild Speculation!
Some users, known as Pioneers, reported that they saw the âBinance Connect Supportâ and âBinance P2P Supportâ features in the Help & Support section within the Pi app.
The Pi Network community has been busy discussing the possibility of a partnership or listing on the Binance crypto exchange. This update was first highlighted by well-known community member, Mr. Spock, in a recent post on X (formerly Twitter).
However, it should be noted that as of now there is no official confirmation from Binance or the Pi Network core team regarding these developments.
Another big trigger factor for the Pi Network cryptocurrency was the surge in large withdrawals, which fueled speculation about the growing confidence of thewhales.
As of today, a total of 1,498,751.6 Pi coins â worth approximately $676,986 â have been withdrawn from OKXâs global exchanges and sent to private wallets.
This is the third large withdrawal within 72 hours, with all transactions flowing to the same wallet address: GASWBDâŠJ2AODM.
In total, nearly 4.8 million Pi coins â worth more than $2.1 million â were removed from exchanges during this period.
The transfer of millions of Pi coins to private wallets usually reflects investorsâ confidence in the long-term value of this asset. It is also a positive signal after the massive sell-off by Pi whales last week.
On June 22, Pi Network managed to secure a new listing on an exchange after mobile-based digital asset platform Swapfone announced that it would list the PI coin.
At the time of writing (25/7), the price of the Pi coin is down 4% to $0.4471 â close to its April low of $0.40. Daily trading volume also decreased to $101 million, signaling reduced interest from traders.
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