Market
Pi Network (PI) Lists on OKX, Drops 21% After Initial Surge
Pi Network (PI) has officially launched on OKX, recording notable volatility as investors rushed to cash in on the hype.
The move marks a significant milestone for the project, coinciding with its transition to the Open Network phase.
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 live for spot trading on crypto exchanges, including OKX. An official announcement from the network on X (Twitter) revealed a floor price of $2 on OKX.
“Pi listed on OKX: 1 PI = 2$,” the network shared.
This listing is expected to increase liquidity and mainstream adoption of PI. Following its debut on the OKX exchange, PI experienced a dramatic price movement, dropping 21% after an initial 10% climb.
The extreme volatility has fueled debate over whether Pi Network is ready for open trading, as many of its users are newcomers to the crypto space.
Pi Network’s exchange debut coincides with its transition to the Open Network phase, a crucial step that aims to provide greater accessibility and utility for 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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