Historical replay · PYTH/USD
Pyth Network's Binance Listing Rally (February 2024)
Pyth Network's PYTH token climbed roughly 85% in under two weeks following its Binance listing — a genuine rally rather than the chaotic single-day spike seen in many fresh listings.
Pyth Network is an oracle protocol that publishes real-time price data on-chain, sourced directly from trading firms and exchanges rather than through intermediary data aggregators. Its PYTH token's original airdrop and token generation event took place in November 2023; Binance itself began spot trading for PYTH somewhat later, on February 2, 2024 — the listing covered in this scenario, not the token's original launch.
Unlike many fresh listings covered elsewhere on this site, PYTH's opening day on Binance was comparatively orderly, opening near $0.371 and closing its first day near $0.481 without the extreme multi-dollar spike-and-collapse pattern seen in listings like Worldcoin's or Filecoin's.
From that first-day level, PYTH climbed with some volatility but a generally consistent upward direction over the following two weeks, reaching an intraday high near $0.687 by February 14 — a gain of roughly 85% from the opening price — before giving back a portion of that gain in the days after.
A comparatively calm opening followed by a genuine multi-day rally, rather than a chaotic spike-and-crash pattern, isn't the norm among the listings covered in this replay collection, but it isn't unheard of either — it's a useful reminder that "new listing" describes a market structure (thin initial liquidity, price discovery still underway), not a single predetermined price outcome.