Binance Traders Brace for Volatility as Pi Coin Drops 25% Amid Token Unlock

Pi Network’s native cryptocurrency, PI, experienced a significant downturn, dropping over 25% to $1.10 following the release of 8 million previously locked tokens. This sudden influx of supply overwhelmed market demand, despite recent price highs of $1.40. With an additional 13 million Pi tokens set to unlock by May 15, traders on Binance and other platforms are preparing for further volatility. Such events often lead to cascading selloffs, making this a critical moment for PI holders and investors.

Pi Coin Plummets 25% Amid Supply Shock from Unlocked Tokens

Pi Network’s native cryptocurrency faced a brutal selloff, tumbling over 25% to $1.10 after 8 million previously locked tokens flooded the market. The deluge of supply overwhelmed buying pressure despite recent gains that saw prices peak at $1.40 on some platforms.

Traders now brace for further volatility with an additional 13 million PI coins scheduled for release by May 15. Such supply shocks often trigger cascading selloffs as early investors cash out holdings.

The token’s future trajectory hinges on whether major exchanges like Binance adopt listings to absorb selling pressure. Without sustained demand to counter increasing circulation, PI risks repeating this boom-bust cycle.

CZ Warns Social Media Accounts Are Crypto’s Weakest Security Link After Ledger Discord Hack

Binance CEO Changpeng Zhao highlighted the vulnerabilities of social media platforms in crypto security after a sophisticated phishing attack targeted Ledger’s Discord server. The breach involved a compromised admin account distributing fake security alerts, urging users to input recovery phrases on a malicious site.

The incident underscores persistent risks in digital asset ecosystems, where even verified channels can become attack vectors. "Never give up your private key recovery phrases no matter who is asking," CZ cautioned on X, emphasizing Immutable security principles in an increasingly complex threat landscape.

MOODENG Coin Skyrockets After Binance Alpha Spotlight Feature

MOODENG (MOODENGSOL), a Solana-based memecoin branded as "pumo fun," surged 705% in five days following its feature in Binance’s Alpha spotlight program. The token, trading at $0.038 in late April, peaked at $0.29 on May 11 amid volatile social media-driven speculation.

Binance’s provisional endorsement amplified buying pressure despite lacking formal listing approval. The coin’s low market cap and whimsical hippo logo fueled retail interest, though sustainability remains untested against typical memecoin HYPE cycles.

Binance Advances Web3 Integration Through Token Generation Events

Binance, the world’s largest cryptocurrency exchange by volume, is deepening its Web3 ecosystem involvement through strategic Token Generation Events (TGEs). The platform’s wallet division has executed 15 such launches, streamlining token distribution while maintaining Web3 principles.

TGEs serve as critical market entry points for new tokens, delivering allocations to presale participants and airdrop recipients. Binance’s approach mirrors exchange listing efficiency while preserving decentralized ethos—a balancing act few platforms achieve at scale.