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Pi Network Warns Against Huobi’s Unauthorized Pi Token Listing

On Dec. 29, crypto exchange Huobi Global announced the listing of Pi, the native token of the Pi Network. In the 24 hours following the announcement, the Pi token price surged 461.3% from $44.03 to $232.97 at the time of writing, according to CoinGecko data. In addition, the token price reached an all-time high of $307.49 on Dec. 30, data from CoinGecko indicates.

However, the Pi Network warned against listing its token on Huobi and other exchanges on Dec. 29. As per CoinGecko data, Pi is also currently available for trading on the centralized exchange XT.COM.

According to the Pi Network statement, its Pi token was listed “without the consent, authority or involvement of Pi Network.” It added that Pi is not approved by the network for trading or listing on any exchange.


(by Monika Ghosh)

Huobi
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