In a frenzy of activity within the cryptocurrency realm, Pi Network has surged into the spotlight, boasting a staggering trading volume of $35.9 million on CoinMarketCap within just 24 hours. This surge in trading activity underscores the burgeoning interest in Pi Network’s native cryptocurrency and has drawn the attention of investors and enthusiasts alike.
According to data sourced from CoinMarketCap, Pi’s price has experienced a remarkable increase, skyrocketing by 45.50% to reach $116.17 at the time of reporting. It is crucial to note, however, that this price is currently represented as an IOU and cannot be transferred to exchanges until the mainnet launch.
Despite the apparent validation of Pi’s listing by CoinMarketCap, cautionary advisories have been issued regarding the trading of Pi Coin while the mainnet remains in an enclosed stage. CoinMarketCap, in conjunction with the Pi Network Core Team, has issued warnings to users regarding the legitimacy of Pi Network and the status of its token.
In a statement, CoinMarketCap emphasized that the price displayed for Pi on certain exchanges reflects the value of IOUs and may not be transferable across platforms. This warning serves as a reminder for users to exercise prudence and due diligence when engaging in Pi trading activities.
The Pi Network Core Team has reaffirmed its stance on the unauthorized listing of Pi tokens, reiterating that Pi is not authorized for trade or listing on any exchange without the network’s approval or involvement. Furthermore, Pi Network has cautioned its miners, known as Pioneers, against engaging with illegally advertised coins and advised against trading Pi tokens on exchanges during the Enclosed Network period.
As Pi Network navigates the complexities of the cryptocurrency market, its surging trading volume on CoinMarketCap underscores the growing interest and participation in the project. With ongoing developments and the impending launch of the mainnet, the trajectory of Pi and its potential impact on the broader cryptocurrency landscape remain subjects of keen observation and speculation.
Pi Network is a project on the brink of significant milestones, and its recent trading volume surge marks a pivotal moment in its journey towards mainstream adoption and recognition within the crypto sphere. Read Similar Story
Pi is a new digital currency developed by Stanford PhDs, with over 47 million members worldwide.
I am sending you 1π!
To claim your Pi, follow this link
https://minepi.com/dreamtreats and
use my username (dreamtreats) as your invitation code
I am sending you 1π! Pi is a new digital currency developed by Stanford PhDs, with over 47 million members worldwide. To claim your Pi, follow this link https://minepi.com/daiv101 and use my username (daiv101) as your invitation code.
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