Pi Network (PI) Weakens After Futures Listing, Temporarily Surrenders $1 Level

Source
Minseung Kang

Summary

  • Pi Network (PI) fell below $1 after listing on OKX exchange.
  • After listing, PI reached a high of $2.2 in the spot market but soon turned bearish.
  • The price weakness accelerated after the listing of PI futures contracts.

Pi Network (PI), which listed on OKX exchange today, is showing a downward trend after surrendering the $1 level.

As of the 20th, PI's price is trading at $0.9463 on OKX's USDT market, up 841.2% from its opening price ($0.1).

Today, PI surged to a daily high of $2.2 immediately after its spot listing, but turned bearish after the futures contracts were listed.

Earlier today, OKX listed PI's spot trading at 17:00. Subsequently, PI perpetual futures were listed at 18:00.

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Minseung Kang

minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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