Pi Network’s native token, PI, defied the broader crypto market decline following the Binance hack, which reportedly resulted in the theft of about $6.3 billion. Binance said it found no evidence of a private-key leak, while several service providers and blockchain partners froze roughly $3 billion in on-chain assets. Bitcoin fell from above $80,000 to $76,000, and position liquidations exceeded $1.5 billion. After dropping to $0.075 the previous day, PI rebounded, gaining nearly 3% over 24 hours and trading above $0.078. Its market capitalization climbed past $880 million, with no clear catalyst identified, as the project’s latest major update came the previous week.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
