Pi Coin is experiencing increasing bearish pressure, struggling to recover from its initial hype. After previously trading near $3, its value has plunged to around $0.62. The absence of strong price drivers and limited exchange backing is causing worry among current holders and prospective investors.
BitMart Halts Pi Trading – No Progress Reported
A key update involves BitMart’s ongoing suspension of Pi trading, which has extended beyond a month. Community members report that the exchange is still waiting on KYB (Know Your Business) clearance from the Pi Core Team to move forward with the anticipated 1:1 Pi swap. Dr. Altcoin, a well-known…
Banxa Drops Pi Coin Support
Adding to the growing doubts, Banxa—a leading crypto payment provider—has discontinued access to Pi Coin. Users are no longer able to purchase Pi through the platform. The reason for this decision remains undisclosed, casting further uncertainty over the coin’s near-term prospects.
Potential Upside: Huobi Teases Major Pi Updates
Amid the recent challenges, there’s still a glimmer of optimism for Pi holders. In recent weeks, top-tier exchange Huobi has been sharing teaser posts, suggesting significant announcements related to Pi may be on the horizon.
Their social media posts urge users to “hold on to their low-priced Pi,” hinting at a potential announcement on the way.
Consensus 2025: A Pivotal Moment for Pi Network
Looking ahead, Consensus 2025 stands out as a major upcoming event in the crypto space. Pi Network is participating as a sponsor, and the project’s founder, Nicolas Kokkalis, is set to speak. This platform could offer the team a prime chance to unveil key updates and reignite community enthusiasm.
Top Exchange Listings Still Absent
Despite the initial buzz, Pi Network has yet to secure listings on major exchanges such as Binance, Coinbase, or Kraken. This lack of exposure continues to hinder both its market reach and demand. Since its high point, Pi Coin has plummeted nearly 80%, raising significant concerns about its future unless meaningful progress is made.
