Pi Network PI Token Rallies on MiCA Compliance
Pi Network’s PI token surged 15% in 24 hours after confirming MiCA compliance with the EU’s Markets in Crypto-Assets regulation. Trading volume jumped 30%, defying a broader bear market. The project’s revised whitepaper details MiCA-aligned reporting and risk-management standards, effective from 2024. MiCA compliance clears a path for PI listings on regulated EU exchanges, boosting liquidity, institutional interest and token utility. Pi App Studio upgrades further streamline dApp deployment. Analysts expect momentum toward $0.30, though low liquidity and macro pressure keep traders cautious.
Bullish
Pi Network’s PI token rallied following its MiCA compliance announcement, which reduces regulatory uncertainty and opens doors to listings on regulated EU exchanges. This compliance is expected to boost liquidity, attract institutional investors and enhance token utility, underpinning short-term price gains. Combined with Pi App Studio improvements, the news strengthens the network’s ecosystem outlook, supporting sustained bullish momentum.