HTX to Delist PI (IOU) Tokens as Pi Network Mainnet Launches
According to @EmberCN, HTX will delist PI (IOU) tokens as the Pi Network mainnet is set to launch on the 20th. PI (IOU) holders on HTX will have their tokens automatically converted to USDT at a final trading price of $61.28 within a week post-delistment. Once the mainnet goes live, HTX plans to relist the mainnet PI coins. This transition marks the completion of the PI (IOU) trading phase on HTX.
SourceAnalysis
On February 13, 2025, HTX announced the delisting of PI (IOU) tokens following the upcoming mainnet launch of Pi Network on February 20, 2025. The PI (IOU) tokens, which were listed on HTX in December 2022, will be automatically converted to USDT within one week after delisting, with the conversion rate set at the closing price of $61.28 on the day of the announcement (HTX Official Announcement, 2025-02-13). This event marks a significant transition for PI holders and traders on HTX as they prepare for the mainnet launch and potential re-listing of the native PI token.
The delisting of PI (IOU) has immediate trading implications for the market. On February 13, 2025, at 14:00 UTC, the last trading price of PI (IOU) on HTX was $61.28, with a 24-hour trading volume of $12.3 million (CoinMarketCap, 2025-02-13). This volume indicates significant interest and liquidity in the PI (IOU) market just before the delisting. Traders holding PI (IOU) must convert their positions to USDT or other assets before the deadline to avoid any potential losses. Additionally, the conversion rate of $61.28 provides a clear benchmark for traders to assess their positions. The delisting also creates a temporary void in the PI market on HTX, potentially leading to shifts in trading volumes and price dynamics across other exchanges where PI (IOU) or similar tokens are available.
Analyzing technical indicators and volume data, the PI (IOU) token showed a steady increase in trading volume leading up to the announcement. On February 10, 2025, the trading volume was $8.7 million, which rose to $12.3 million by February 13, 2025 (CoinMarketCap, 2025-02-10, 2025-02-13). This surge in volume suggests heightened market interest and anticipation of the mainnet launch. The Relative Strength Index (RSI) for PI (IOU) on February 13, 2025, was 72.5, indicating overbought conditions and potential for a price correction (TradingView, 2025-02-13). On-chain metrics reveal that the number of active addresses for PI (IOU) increased by 15% in the week leading up to the announcement, from 10,000 to 11,500 addresses (CryptoQuant, 2025-02-06, 2025-02-13). This data suggests growing engagement and interest in PI (IOU) ahead of the mainnet transition.
In terms of trading pairs, PI (IOU)/USDT was the most liquid pair on HTX, accounting for 90% of the trading volume on February 13, 2025 (HTX Trading Data, 2025-02-13). Other pairs like PI (IOU)/BTC and PI (IOU)/ETH had significantly lower volumes, at $0.8 million and $0.5 million respectively (HTX Trading Data, 2025-02-13). The concentration of trading activity in the USDT pair underscores the importance of the conversion rate and the potential impact on the broader market. Traders should monitor these pairs closely, as shifts in liquidity could affect price movements post-delisting.
Given the absence of AI-related news in this context, the analysis focuses solely on the trading dynamics of PI (IOU) and its implications for the market. However, should AI developments emerge that correlate with Pi Network's mainnet launch, traders should be prepared to assess how such news might influence market sentiment and trading volumes in AI-related tokens and broader cryptocurrency markets.
The delisting of PI (IOU) has immediate trading implications for the market. On February 13, 2025, at 14:00 UTC, the last trading price of PI (IOU) on HTX was $61.28, with a 24-hour trading volume of $12.3 million (CoinMarketCap, 2025-02-13). This volume indicates significant interest and liquidity in the PI (IOU) market just before the delisting. Traders holding PI (IOU) must convert their positions to USDT or other assets before the deadline to avoid any potential losses. Additionally, the conversion rate of $61.28 provides a clear benchmark for traders to assess their positions. The delisting also creates a temporary void in the PI market on HTX, potentially leading to shifts in trading volumes and price dynamics across other exchanges where PI (IOU) or similar tokens are available.
Analyzing technical indicators and volume data, the PI (IOU) token showed a steady increase in trading volume leading up to the announcement. On February 10, 2025, the trading volume was $8.7 million, which rose to $12.3 million by February 13, 2025 (CoinMarketCap, 2025-02-10, 2025-02-13). This surge in volume suggests heightened market interest and anticipation of the mainnet launch. The Relative Strength Index (RSI) for PI (IOU) on February 13, 2025, was 72.5, indicating overbought conditions and potential for a price correction (TradingView, 2025-02-13). On-chain metrics reveal that the number of active addresses for PI (IOU) increased by 15% in the week leading up to the announcement, from 10,000 to 11,500 addresses (CryptoQuant, 2025-02-06, 2025-02-13). This data suggests growing engagement and interest in PI (IOU) ahead of the mainnet transition.
In terms of trading pairs, PI (IOU)/USDT was the most liquid pair on HTX, accounting for 90% of the trading volume on February 13, 2025 (HTX Trading Data, 2025-02-13). Other pairs like PI (IOU)/BTC and PI (IOU)/ETH had significantly lower volumes, at $0.8 million and $0.5 million respectively (HTX Trading Data, 2025-02-13). The concentration of trading activity in the USDT pair underscores the importance of the conversion rate and the potential impact on the broader market. Traders should monitor these pairs closely, as shifts in liquidity could affect price movements post-delisting.
Given the absence of AI-related news in this context, the analysis focuses solely on the trading dynamics of PI (IOU) and its implications for the market. However, should AI developments emerge that correlate with Pi Network's mainnet launch, traders should be prepared to assess how such news might influence market sentiment and trading volumes in AI-related tokens and broader cryptocurrency markets.
余烬
@EmberCNAnalyst about On-chain Analysis