Pi Coin has made a remarkable ascent in the cryptocurrency rankings, securing the 11th position after a massive 158% surge. The price jumped to $1.60, bringing its self-disclosed market capitalization to $10.7 billion. This unexpected rally comes at a time when the broader crypto market is witnessing significant losses, with Bitcoin, Ethereum, and other major digital assets facing sharp declines.

Pi Coin’s rally has been attributed to growing speculation about a possible listing on Binance, one of the largest crypto exchanges. Binance recently conducted a user poll regarding Pi’s listing, with an overwhelming number of participants favoring its inclusion. If listed, Pi could be introduced to spot trading and potentially the futures market, increasing its accessibility and liquidity.

Adding to the momentum, the approaching Know Your Customer (KYC) grace period deadline, set for February 28, has driven demand. Investors and pioneers within the Pi Network are preparing for the transition, which allows users to transfer mined Pi coins to the mainnet. The deadline is seen as a crucial event that could influence Pi’s price trajectory in the coming weeks.

While Pi Coin continues to surge, the broader cryptocurrency market is in turmoil. Bitcoin, Ethereum, Solana, Cardano, and Tron all recorded double-digit losses in the last 24 hours. Bitcoin, in particular, fell below $90,000 for the first time in over a month, dragging the overall market down by 6%. Liquidations have soared by 477%, reaching a staggering $1.57 billion in just a day.

Despite the bearish trend in the crypto space, Pi Coin remains an outlier, defying the downturn with its robust price action. As of Wednesday, Pi was trading at $1.68 with a 24-hour volume of $522 million. Analysts suggest that a breakout beyond the $1.67 resistance level could push Pi towards its historical peak of $2.20, marking a potential 36% gain from its current levels.

With existing listings on exchanges like OKX, HTX, Bitget, and Gate.io, Pi Network is already making inroads into mainstream crypto trading. However, a Binance listing could be the key to unlocking greater adoption and price momentum. As the KYC deadline nears, investors are watching closely to see whether Pi’s rally can sustain itself amid the ongoing market volatility.