Pi (Pi Network) trading volume hit $18.48m on Binance despite IOU listing

The price and daily transaction volume of PiCoin have significantly increased despite it being listed as IOU on the Binance platform. As of the time this post was written, pi Coin was hanging at $93.63 after falling by -15.34%.

Although the official listing has not yet been revealed, the daily transaction volume on the platform is apparently $18.48 million, and the Coin is rated #2601 in terms of popularity.

A screenshot showing Pi information on Binance and CoinMarketCap

In addition, the trading volume has decreased by -76.45% to $9,564,086 as of the time of writing on CoinMarketCap, and the price has decreased by -11.35% to trade at $101.07 as well. Once the mainnet is operational, trading of the Pi Coin will be formally disclosed.

By daily transaction volume, Binance is the largest cryptocurrency exchange in the world. It has long expressed interest in listing Pi Coin, but as things stand, they won’t do so without the Core Team’s approval, so they’re holding out for the open mainnet launch instead.

Pi Network is aware of reports that several unauthorized third party exchanges, and potential unknown third parties, are seeking to list Pi or tokens purporting to be Pi, or some purported derivative of Pi, without the consent, authority or involvement of Pi Network.

Pi is currently in the Enclosed Network period of Mainnet and is not approved by Pi Network for listing on any exchange or for trading, and Pi Network is not involved with any purported listings.

What is Pi Network?

Pi Network is a social cryptocurrency and developer platform that (1) allows mobile users to mine Pi coins without draining battery or harming the environment and (2) fosters the world’s most accessible and ubiquitous apps platform where developers can offer users real life utilities and products in exchange for Pi coins.

Pi Network aims to return real power to the people with its 35+ million active user base and innovative mining technology, which enables anybody to mine Pi directly from their cellphones. Using a mobile meritocracy system, Pi’s blockchain guarantees not only transactions but also a comprehensive Web 3.0 experience where community developers may create decentralized applications (dApps) for millions of users.


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