Pi Network, a mobile-based cryptocurrency, has experienced a dip of 6.6% with its price falling to $0.574. In contrast to price drop, the Pi Network has also experienced a number of positive developments that have enhanced its outlook. The recent successful launch of its Open Mainnet on February 20, 2025, after six long years, allows Pi coins to be traded on major exchanges like OKX and Bitget is one of the network’s biggest achievements.
Challenges Ahead
With the token being listed on these exchanges has led to an increased liquidity and visibility of the Pi Coin which has attracted seasoned investors and new investors as well. However, the absence of listing from other major exchanges such as Binance, Bybit and Coinbase is still a concern for the investors.
If at all the token gets listed on these exchanges, there are high chances that the price of the token would experience an uptick as the listing would also boost its credibility and investor confidence.
Scepticism from Exchanges
Moreover, exchanges like Bybit have refused to list Pi Coin and Binance has closed its community vote for listing of the token. The exchanges feel that the network is not transparent with its tokenomics due to which the exchanges are not confident about the project.
Bybit CEO, Ben Zhou, has been very vocal about his scepticism towards Pi Network and has also labelled it as more dangerous than memecoins.
Zhou has also accused Pi of being a scam, and to prove his point, he even cited a 2023 report from Chinese authorities warning users about a project targeting elderly individuals.
Pi Network’s Community Engagement and Growth
Pi Network’s community event, PiFest, was a huge success as per the press released by the network and with many challenges in front of Pi Network, the recent listing on Gate.io is further enhancing its market presence, which is providing a pathway for trading and adoption. The long-term sustainability of the project depends on addressing transparency issues and securing listing on major exchanges which in turn will boost credibility and stability of the project as well as the token.
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