Pi Coin Listing on CoinEx, Yet Binance Remains Silent – What’s Next?

Jakarta, Pintu News – Pi Coin was just listed on the CoinEx exchange on March 18, 2025, marking an important step for the project despite some disappointment from the community. With a total of 12 exchanges listed as Pi Coins, the big question that remains is whether Binance will follow suit.

CoinEx and the Pi Network Challenge

Pi Coin PI->Current PI PriceRp 0Market Cap-Trading Volume-Circulating Supply- has been officially listed on CoinEx, allowing Pi holders to trade PI against Tether USDT->Current USDT PriceRp 0Market Cap-Trading Volume-Circulating Supply-. The process begins with deposits and withdrawals opening at 11:00 UTC, followed by trading beginning half an hour later.

While this is progress, Pi Network is still under intense scrutiny regarding its funding sources. A recent investigation by a Pi Network pioneer revealed that SocialChain Inc., the company behind Pi Network, has received investments from three firms, two of which did not list Pi Network in their investment portfolio.

This led to more speculation about the project’s finances, and the community demanded greater transparency.

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Controversy and Community Demands

The Pi Network community is showing increasing frustration toward the Pi core team, which is perceived to have made no real progress after six years of development. They demand more clarity and concrete progress to restore trust and prevent further decline.

The project’s failure to be listed on Binance, despite 86% of the community supporting it, has raised serious concerns about public confidence in the project. In addition, a lawsuit filed by former co-founder Vince McPhillip opened up more questions about Pi Network’s fundraising methods.

The lawsuit includes claims of wrongful termination, emotional distress, and breach of fiduciary duty, revealing that Pi Network sold SAFE (Simple Agreement for Future Equity) agreements to raise funds.

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Price Volatility Ahead of Token Launch

One of the main reasons for Pi Coin’s price drop is the upcoming token unlocking event. Approximately 129 million Pi tokens, worth about $175 million, are scheduled to be circulated.

This increase in supply has left investors concerned, as it could put more pressure on prices. PI prices have dropped 19.3% in the past week, falling from 12th to 21st on CoinGecko.

Currently, PI is trading at $1.1, marking a 16.5% drop in the last 24 hours. Despite these challenges, the Pi Network community remains active, with over 100,000 registered sellers and 49,000 people participating in PiFest 2025.

Conclusion

Despite facing various challenges and uncertainties, Pi Network still has strong support from its community. The next step for Pi Network will likely depend heavily on how it addresses transparency issues and meets the community’s expectations. By continuing to build trust and keep the community engaged, Pi Network still has a chance to improve its position in the crypto market.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coinpedia. Pi Coin Listed on Coinex Amid Price Drop and Rising Concerns. Accessed on March 21, 2025
• Featured Image: Coinpedia