{"id":47503,"date":"2025-02-25T08:23:15","date_gmt":"2025-02-25T08:23:15","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=47503"},"modified":"2025-02-25T08:23:15","modified_gmt":"2025-02-25T08:23:15","slug":"pi-network-pi-price-volatility-ripple-v-sec-lawsuit-speculation-and-more-bits-recap-feb-25","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=47503","title":{"rendered":"Pi Network (PI) Price Volatility, Ripple v. SEC Lawsuit Speculation, and More: Bits Recap Feb 25"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

PI witnessed significant volatility in the past several days, currently trading at approximately $1.52. <\/span>
\nThe long-running lawsuit between Ripple and the SEC appears to be nearing a potential settlement, as recent developments indicate a shift in the regulator\u2019s approach.<\/span>
\nRipple\u2019s XRP has dropped by 16% over the past week, currently trading around $2.17. This decline is part of a broader market downturn, where Bitcoin (BTC) fell below $90,000.<\/p>\n

<\/a><\/span><\/h2>\n

PI\u2019s First Trading Days<\/h2>\n

Pi Network reached a <\/span>major<\/span> milestone on February 20, <\/span>launching<\/span><\/a> its Open Network. This development made the PI token publicly accessible by allowing exchanges to list it. The first to hop on the bandwagon were OKX, Bitget, and MEXC.\u00a0<\/span><\/p>\n

The coin\u2019s price experienced substantial volatility during its first days of trading. On launch day, it spiked to as high as $1.84 (per CoinGecko\u2019s data), while on February 21, PI collapsed below $0.65.<\/span><\/p>\n

Over the weekend, the price recovered much <\/span>of the<\/span> losses, rising to $1.60 after a 65% daily surge<\/a>. PI also started the business week on the right foot, climbing to $1.66 before retreating to its current $1.52.
\n<\/span><\/p>\n

<\/a>PI Price, Source: CoinGecko<\/p>\n

The price resurgence could <\/span>be linked<\/span> to the rising expectations that Binance might be the <\/span>next<\/span> leading crypto exchange to enable services with PI. The company recently\u00a0<\/span>held a community vote<\/span><\/a> to determine whether its users <\/span>would<\/span> want to see the token available for trading on its platform.\u00a0<\/span><\/p>\n

While the results will become official on February 27, the interim numbers suggest the decision will most likely <\/span>be in favor of<\/span> PI.<\/span> As of now<\/span>, roughly 85% of all voters have clicked the \u201cyes\u201d option.<\/span><\/p>\n

Ripple v. SEC<\/span><\/h2>\n

The lawsuit between Ripple and the US Securities and Exchange Commission (SEC) is another highly intriguing topic in the crypto world. While the case remains open after more than four years, some recent developments signal a potential conclusion <\/span>in the near future<\/span>.<\/span><\/p>\n

Over the past few weeks, the securities regulator has changed its approach toward the cryptocurrency industry. First, it <\/span>reached<\/span><\/a> an agreement with Binance to pause <\/span>their<\/span> legal proceedings for two months. Later, Coinbase\u2019s CEO Brian Armstrong\u00a0<\/span>revealed\u00a0<\/span><\/a>that his firm\u00a0shook hands with the agency to dismiss their lawsuit.<\/span><\/p>\n

The XRP Army and several experts interpreted the agreements as good news for Ripple. John Reed Stark (a former SEC employee) <\/span>predicted<\/span><\/a> that the watchdog might soon pause all crypto-related appeals.<\/span><\/p>\n

The US lawyer Jeremy Hogan<\/span>, on the other hand,<\/span> claimed<\/span><\/a> that the case against Ripple is more complex than the rest.<\/span> He assumed that a settlement was more likely than a complete dismissal.<\/span><\/p>\n

\u201cThe SEC broke up with Coinbase after a\u00a0couple of dates. Ripple and the SEC live together and have a baby,\u201d the attorney stated.<\/span><\/p>\n

XRP Price Outlook<\/span><\/h2>\n

Last but not least, we will touch upon Ripple\u2019s native token, the price of which has nosedived in the <\/span>last<\/span> week. <\/span>Currently,<\/span> it trades at around $2.17, representing a 16% decline for the period.<\/span> Those willing to check whether the collapse could intensify in the following days can <\/span>take a<\/span> look at our dedicated article here<\/a>.<\/span><\/p>\n

XRP\u2019s plunge coincides with the severe crash of the entire cryptocurrency market. As <\/span>CryptoPotato<\/span><\/em> reported<\/span><\/a>, BTC tumbled below $90,000, while the total value of liquidated positions in the last 24 hours surged past $1 billion.<\/span><\/p>\n

The post Pi Network (PI) Price Volatility, Ripple v. SEC Lawsuit Speculation, and More: Bits Recap Feb 25<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR PI witnessed significant volatility in the past several days, currently trading at approximately $1.52. The long-running lawsuit between Ripple and the SEC appears to be nearing a potential settlement, as recent developments indicate a shift in the regulator\u2019s approach. Ripple\u2019s XRP has dropped by 16% over the past week, currently trading around $2.17. This […]<\/p>\n","protected":false},"author":0,"featured_media":47504,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-47503","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/47503"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47503"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/47503\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/47504"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}