Pi Network surpasses 4 million followers on X, edging closer to Dogecoin

Pi Network Achieves 4 Million X Followers

Pi Network, a mobile-minable cryptocurrency, has reached a significant social media milestone: 4 million followers on X (formerly Twitter). This follows the project's strong performance on social media, outpacing many established projects including Ethereum (ETH) and BNB. The Pi Network account is now only 300,000 followers behind Dogecoin (DOGE).

The official Pi Network team celebrated this achievement on X, stating: “Pi Network now has over 4 million followers on X! Congratulations to everyone in the Pi community for supporting Pi and making this possible.”

Pi Network's Growing Influence

This surge in X followers reflects growing trust in Pi Network. The app has also seen impressive growth on the Google Play Store, boasting over 113.2 million downloads and an average of 270,000 new downloads daily over the past month.

Beyond its app downloads and social media presence, Pi Network is making strides in the broader cryptocurrency landscape. It recently ranked among CoinGecko's top five "Made in USA Coins," surpassing projects like Chainlink (LINK), Hedera (HBAR), and Stellar (XLM). Its inclusion in CoinMarketCap's top rankings further solidifies its position in the industry.

The Binance Listing Hurdle

Despite its success, Pi Network faces the challenge of securing a listing on Binance, one of the world's largest cryptocurrency exchanges. A Binance community vote indicated 86% support for a PI listing, yet Binance has yet to take action, leaving Pi enthusiasts eager for a resolution. A community member on X recently called for unified support, urging the crypto community to demand a Binance listing for Pi Network.

Addressing Community Concerns

Pi Network co-founder, Chengdiao Fan, has urged the community to remain focused on building and innovation, emphasizing that market acceptance will eventually follow. He encouraged continued development and innovation within the Pi ecosystem.

Overcoming Regulatory Challenges

Pi Network has faced challenges related to Anti-Money Laundering (AML) concerns and regulatory hurdles, limiting mainstream trading primarily to peer-to-peer (P2P) and over-the-counter (OTC) markets. However, recent shifts in U.S. regulatory policy have spurred increased interest and potential listings on major exchanges, including Bitget.

Recent Developments

This week, Pi Coin announced a significant listing on CoinMarketCap. Following the announcement, Pi Coin experienced a 3% increase, reaching a price above $1.74 and a market cap of $12.1 billion at the time of writing.