Pi Network price jumped by 46% in the last 24 hours to $1.38, attracting attention from traders and analysts.
Pi Network Market and Whale Actions
The recent price surge of Pi Network was driven by two major transactions: 70 million Pi coins were withdrawn from exchanges, followed by another 20 million from OKX. These activities indicate whale movements and created a temporary liquidity crunch in the market. Reports suggest that these transactions triggered a 278% increase in retail engagement.
Binance Listing Speculation
Speculation about a possible Pi Network listing on Binance also fueled the price increase. According to CCN analysis, test transactions on the Pi blockchain have sparked interest among traders. While Binance has not officially confirmed any listing, the rumors surrounding impending announcements add an element of uncertainty and anticipation.
Market Outlook Ahead of the Consensus Summit
The timing of the price surge corresponds with the upcoming Consensus Summit, where significant announcements are usually made. Technical indicators show positive momentum with potential for further growth. If rumors about listings or other important news materialize, it could lead to another price increase.
Pi Network price has reached $1.38, becoming a focal point in the digital asset market. It's essential to monitor updates and news that may impact price dynamics in the coming days.
