Pi Network Plunges 6% Despite MEXC Listing — Is the Hype Already Over?

Jakarta, Pintu News – Pi Network’s price has come under market pressure again, with a 6% drop today, May 30, 2025, despite having just recorded a milestone through its listing on the MEXC exchange.

The addition of the PI/USD1 trading pair had sparked optimism that exposure to the new stablecoin would drive buying interest and strengthen Pi Coin’s position in the crypto market.

However, the reality is that instead of rising, the price of Pi continues to weaken.

Pi Network Price Drops 6% within 24 Hours

On May 30, 2025, the price of Pi Network (PI) was recorded at $0.6856, having corrected 6% in the last 24 hours. If converted to the current rupiah ($1 = IDR 16,294), then 1 Pi Network is IDR 11,171.

The price drop of the PI token comes amidst high volatility in the last 24 hours, where the price moved within a range of $0.6839 to $0.7296.

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PI’s market capitalization now stands at around $4.98 billion, with 24-hour trading volume reaching $158.92 million, indicating high buying and selling activity despite the price correction.

Pi Network Listing on MEXC

Pi Network officially reached a significant milestone after MEXC, one of the leading crypto platforms, added Pi as a new trading option with the USD1 stablecoin pair.

As of May 27, users can now exchange Pi Coin and Solana via PI/USD1 and SOL/USD1 pairs, opening up new opportunities to trade Pi for stable cryptocurrencies.

This move is considered a significant development for the Pi Network project, in line with its vision to thrive in the crypto industry.

Many expected this announcement to trigger a price surge, but the opposite happened-the Pi price continued to weaken, recording a 4.5% drop on May 27, 2025. This raises a question mark regarding the market’s response to the latest milestone.

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What is USD1 and what does it mean for Pi Network?

USD1 is a stablecoin launched in April, designed to be worth the equivalent of one US dollar. The token was created by World Financial Liberty and is backed by real-world assets such as government bonds, cash, and other secure financial instruments.

Interestingly, USD1 also has ties to the Trump family, as one of the family-owned businesses controls 60% of the company’s shares and gets 75% of all token sale revenue.

The addition of the PI/USD1 trading pair has some important implications for Pi Network:

• Increase credibility and adoption – Pi’s presence on trading platforms alongside new stablecoins like USD1 could strengthen market confidence in the Pi project.
• Access to more regulated liquidity – Users can now trade Pi with real asset-backed stablecoins, allowing them to convert to real-world value.
• Attract the attention of institutional investors – Pi’s entry into the ecosystem of a stablecoin like USD1 could increase the chances of the project being looked at by large investors.

As part of the launch, MEXC is offering a transaction fee-free promotion for the PI/USD1 and SOL/USD1 pairs until June 26, providing additional incentive for traders to try out this new trading option.

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*Disclaimer

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:

• TronWeekly. Pi Network Gets Listed on MEXC, but Value Drops Almost 5%. Accessed on May 30, 2025