In Summary
Pi Network’s PI token is now available on OKX, marking a significant step in its transition to an Open Network and increasing market liquidity.
Price volatility followed the listing, with PI initially rising 10% before falling 21%, raising concerns about market readiness.
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Pi Network (PI) has officially launched on OKX, experiencing significant volatility as investors rush to capitalize on the frenzy.
This move marks a major milestone for the project, coinciding with its transition to an Open Network.
Pi Network (PI) Listed for Spot Trading
After actively pursuing exchange listings and securing commitments from several trading platforms, Pi Network’s PI token is finally available for spot trading on cryptocurrency exchanges, including OKX. An official announcement from the network on X (formerly Twitter) revealed a floor price of $2 on OKX.
Pi listed on OKX: 1 PI = 2 USD,” the network shared.
This listing is expected to increase PI’s liquidity and wider adoption. Following its launch on OKX, PI experienced significant price volatility, dropping 21% after an initial 10% increase.
This intense volatility has sparked debate about whether Pi Network is ready for open trading, as many of its users are newcomers to the cryptocurrency space.
Pi Network’s exchange launch coincides with its transition phase to an Open Network, a crucial step aimed at providing greater accessibility and utility to its ecosystem. Proponents argue that this transition will enhance PI’s legitimacy and long-term sustainability, making it more attractive for mainstream adoption.
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