Pi Network (PI) Price Volatility, Ripple v. SEC Lawsuit Speculation, and More: Bits Recap Feb 25

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’s approach.
• Ripple’s 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.

PI’s First Trading Days

Pi Network reached a major milestone on February 20, launching 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.