Pi Coin, a cryptocurrency project, has been listed on the CoinEx exchange. This listing is seen as a significant milestone for the project. The trading for Pi Coin started on March 18, 2025. Pi Coin holders can now trade their tokens against Tether (USDT). However, there are concerns about the project’s credibility as it has not been listed on Binance, despite 86% of the community voting for it.
Pi Coin’s price has been affected by these concerns. It has dropped to 13th place in the CMC rankings and its price has fallen below $1.3. This price drop is believed to be directly correlated with public sentiment.
Community concerns have been escalating due to the failure to get listed on Binance and the lack of major announcements from the core team. Many early Pi miners are criticizing the Pi Core Team for not making real progress after six years of development. To regain public trust, the Pi Core Team needs to take action by releasing the Pi Open Mainnet Roadmap, launching the 100 DApps, and revealing investors and key stakeholders involved in the project.
There is also a lack of transparency regarding Pi Coin’s funding sources. Calls for more clarity about the project’s financial support and partnerships have been made by the community. A previous lawsuit filed against Pi Network sheds light on the project’s funding methods. It claims that Pi Network raised funds by selling SAFE (Simple Agreement for Future Equity) agreements.
Pi Coin’s price has taken a hit recently and it has dropped 19.3% in value this week. This drop can be attributed to the upcoming token unlock event, where around 129 million Pi tokens, worth about $175 million, are set to be unlocked. Investors are concerned that this increase in supply could further lower prices.
Despite these challenges, the Pi Network community remains active, with 100,000 registered sellers and 49,000 participants in PiFest 2025.
In terms of trading, Pi Coin is currently listed on 12 exchanges, including CoinEx. However, it is not listed on Binance at this time.
Note: Investments carry market risks. Please invest carefully. We do not accept responsibility for any financial losses.
