PI IOU coin prices on PI networks have fallen 21% in the last 24 hours. Bybit CEO Ben Zhou rejected following the decision not to list PI, saying there are some concerns about the project. His statement was so confused by investors that prices fell sharply.
The PI Network's open network launch is scheduled for February 20th, when users can access free token transactions. The major milestones have resulted in an 80% price increase in PI as investors expect more users to participate.
With this announcement, OKX confirmed its plans to spot trade PI tokens, strengthening investors' trust. Exchange Bitget declared that it would list Pis on the same day that the open network was launched. The market outlook for PI has become more positive due to these recent advances.
Bybit CEO Ben Zhou's decision not to list PIs has sparked questions about the reliability of the project. He doubted the reliability of the project because he thought it had problems with its design and regulations. His statement made investors worried and quickly fell in token values.
Multiple exchange lists of PIs simultaneously can cause market participants to worry that early token holders could sell their assets, pushing prices down. The recent decline in the market has emerged both from market doubts and the possibility of large-scale sales activities.
The next day is important for PI market dynamics, as traders need to decide whether buyers will push through sellers or if prices will continue to fall.
Also Read: PI Core Team Thanks to the community for their support for six years
