Pi Coin (PI) is turning heads today as its price surged over 23% in the past 24 hours, now trading at $0.7481, according to CoinMarketCap.
The bullish momentum for PI has caught the attention of traders and crypto enthusiasts alike, and there’s a clear reason behind the sudden spike.
Community-Driven Surge: Binance Poll Sparks Optimism
According to the information the recent buzz began with a Binance Square community poll, where users were asked whether they’d like to see Pi Coin listed on the platform. The poll ran from February 17 to February 27, 2025, attracting almost 900,000 participants, with an overwhelming 86% voting in favor of listing PI.
Although Binance emphasized that poll results do not guarantee a listing, the massive show of support significantly boosted market sentiment. Speculation is also swirling around the possibility of an announcement on March 14 (Pi Day), a symbolic date for the project.
Price Action Explained
Looking at today’s price chart:
- Opening Price: Around $0.6042
- Current Price: $0.7481 (as of this writing)
- Daily Volume: Surged 181.82%, reaching $456.14M
- Market Cap: Up 23.82%, now sitting at $5.13B
The price remained relatively flat through the night, but around 6:00 AM, a sharp upward trend began. Several consolidation points followed, yet each dip was met with strong buying pressure, pushing the price even higher.
This steady climb suggests retail investor confidence and FOMO (fear of missing out) are playing strong roles, likely fueled by:
- Anticipation of a Binance listing
- Increased trading volume and liquidity
- Broader awareness from the viral poll and social media discussions
Why It Matters
Pi Coin’s ecosystem is still in development, and it’s not officially listed on major exchanges yet. However, today’s rally underscores the power of community support and market psychology. If Binance follows through, a listing could significantly increase PI’s legitimacy and accessibility, potentially leading to further price growth.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/pi-coin-heres-why-the-price-is-up-more-than-20-today/