TL;DR
- Ah, the enigmatic PI! It has danced through the market like a drunken ballerina, currently pirouetting at about $1.52.
- Meanwhile, the Ripple and SEC saga continues, with whispers of a settlement that could make even the most stoic of regulators crack a smile.
- And let’s not forget Ripple’s XRP, which has taken a nosedive of 16% this week, now lounging around $2.17, while Bitcoin has decided to play hide and seek below $90,000.
PI’s First Trading Days
On the fateful day of February 20, the Pi Network burst forth into the world like a newborn baby, launching its Open Network. Exchanges like OKX, Bitget, and MEXC were the eager godparents, ready to cradle this new token.
But oh, what a rollercoaster! On its debut, PI soared to a dizzying height of $1.84, only to plummet to a mere $0.65 the very next day. Talk about a dramatic entrance!
Fear not, for the weekend brought a miraculous recovery, with PI climbing back to $1.60 after a staggering 65% surge. It even started the week on a high note at $1.66, before settling back down to its current state of $1.52. Such is the life of a crypto token!
Rumor has it that Binance might soon join the PI party, as they recently held a community vote to see if users want to trade this token. The results, expected on February 27, are looking promising, with 85% of voters saying “yes.” Who knew crypto could be so democratic?
Ripple v. SEC
Now, let’s turn our gaze to the riveting drama of Ripple versus the SEC. This legal soap opera has been running for over four years, and it seems we might finally be nearing the season finale!
In a surprising twist, the SEC has decided to play nice, pausing legal proceedings with Binance for two months. Meanwhile, Coinbase’s CEO, Brian Armstrong, has been shaking hands with the SEC, leading to speculation that they might just be friends again.
The XRP Army is buzzing with excitement, interpreting these developments as good news for Ripple. Former SEC employee John Reed Stark predicts that the SEC might soon take a break from all crypto-related appeals. Who knew regulators could take a vacation?
However, attorney Jeremy Hogan warns that the case against Ripple is more tangled than a cat in a yarn factory. He suggests that a settlement is more likely than a complete dismissal. Oh, the suspense!
“The SEC broke up with Coinbase after a couple of dates. Ripple and the SEC live together and have a baby,” the attorney quipped.
XRP Price Outlook
Finally, let’s not forget about Ripple’s native token, which has taken a nosedive this past week. Currently, it’s trading at around $2.17, reflecting a 16% decline. Those brave souls curious about whether this downward spiral will continue can check out our dedicated article here.
XRP’s fall coincides with a broader market crash, as Bitcoin has decided to tumble below $90,000. As CryptoPotato reported, the total value of liquidated positions in the last 24 hours has soared past $1 billion. What a time to be alive in the crypto world!
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2025-02-25 11:26