"Pi Coin Surges, Binance Delists Four Altcoins"

This Week in Crypto: Pi Coin Listings, MicroStrategy’s BTC Bet, The Jack Dorsey Mystery, and More

This week in the crypto world was marked by several significant developments, including mainnet launches, legal drama, and attempts to unravel longstanding mysteries. Here's a roundup of the key events that happened this week and will continue to shape the sector.

Pi Network Gains Momentum With Key Milestone

Pi Network made waves this week as its native token, PI Coin, secured listings on multiple exchanges, signaling strong market interest ahead of its mainnet launch. Major exchanges such as HTX and BitMart, among others, listed PI Coin, effectively boosting its visibility and accessibility.

Despite this momentum, however, PI Coin’s price declined following its listing on OKX, a common trend where assets experience post-listing corrections due to early profit-taking. Pi Network’s governance token was trading for $0.66 on the OKX exchange as of this writing. The 43% drop since Friday’s session opened has some analysts disappointed.

Notwithstanding, Pi Network’s airdrop is now the most valuable in crypto history after dethroning Uniswap. With millions of participants receiving Pi tokens, the project has set a new benchmark for large-scale token distributions.

As the network moves forward, its adoption and real-world utility will be key factors in determining long-term value.

Binance To Delist 4 Altcoins

Another headline this week in crypto was the Binance exchange’s announcement, revealing plans to delist four altcoins. The revelation that the exchange would delist and cease trading on all spot trading pairs for AMB, CLV, STMX, and VITE shook the market, causing price drops.

Nevertheless, this move, set to take effect on February 24 at 03:00 UTC, is part of Binance’s ongoing efforts to maintain market quality and security standards.

“When a coin or token no longer meets these standards or the industry landscape changes, we conduct a more in-depth review and potentially delist it,” Binance said.

Historically, delisting announcements lead to sharp price drops as traders rush to sell off affected assets before trading ceases.

For Binance users holding these