Binance News: Large Whale Withdrawals and Pi Network Price Drop

Recent developments in the cryptocurrency market have sparked interest and concern among investors, particularly regarding significant whale withdrawals from Binance and a steep price drop despite positive polling for a Binance listing.

Whales Withdraw Significant Amounts of RAY and AUCTION from Binance

Two whales have recently withdrawn large sums of Raydium (RAY) and Bounce (AUCTION) tokens from Binance, raising curiosity in the crypto market. Specifically, one wallet withdrew 160,700 AUCTION tokens worth $2.45 million, while another wallet withdrew 1.168 million RAY valued at $2.3 million and staked them into Raydium.

PI Price Drops 22.5% in 24 Hours Despite Binance Listing Poll Support

Pi Network’s (PI) price has dropped significantly by 22.5% in the past 24 hours, despite receiving overwhelming support in a community poll conducted by Binance. The poll, which ran between February 17 and 27, saw 86% of nearly 295,000 participants voting in favor of listing PI on the exchange. However, as of March 7, 2025, Binance has not made any official announcement regarding the token’s potential listing. Amid market declines, Pi Token’s price has further dropped to $2.15. Stay tuned for Binance’s final announcement on the listing.