The freshman mobile mining altcoin Pi Network (PI) might be on the brink of HTX listing, potentially bringing in a big crypto industry name for a long time in a while. With over 35 million active chain users, known as the Pioneers, the mobile mining networkโs native crypto currency Pi coin is dwelling around the major demand territory of $0.60 for the past week.
Pi Coinโs Downward Trend Coming To Halt?
The downward slope since the $2.99 all-time record hit one week into launching the Pi Network mainnet has sunk Pi coin (PI) price by nearly 80%. Looking into key reasons beyond the overall fearful crypto sentiment until recently, Pi Networkโs intense token unlock schedule and lack of major crypto exchange support took a heavy toll on Pi coin (Pi) price.
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Presently, the #33 ranked Pi coin is only listed by a few well-known crypto platforms like OKX, MEXC, Bitget & Gate.io, but lacks the support from cryptoโs big three of Binance, Bybit & KuCoin. For example, Pi Networkโs (PI) landing page on KuCoin recommends heading to a decentralized exchange, explaining how to buy the new asset on DeFi.
HTX Seems To Be Building Up Pi Coin Listing
Right now, OKX, Bitget & Gate.io are racking up over 80% of all Pi Network (PI) trading volume. However, recent hints from HTX’s staff imply that the Pi coin could be listed on HTX very soon. The 14th largest crypto currency exchange has posted a picture of a large skyscraper resembling the purple & gold colors often used by the mobile-mining pioneering network.
Certainly, this could flip the tables for Pi Network (PI) in efforts to restore the $1 valuation, unseen since March 23, 2025. Meanwhile, some popular crypto connoisseurs such as Dr. Altcoin forecast a Pi coin bull rally starting in May, during the Consensus Summit in Hong Kong, where Pi Network is poised to be a prominent act.
Even though the event is considered to be the Super Bowl of crypto industry by many, the calming Pi token unlock schedule at the end of August could have a way bigger impact. As of now, thereโs an average daily unlock of 7,677,704 Pi coins every day, summing up to $4.67 million poured into circulation across the markets.
On The Flipside
- Allegations of centralization hazards due to a single-digit Super Nodes on Pi Network (PI) have set off doubt among some community members.
- To illustrate, several Reddit threads suggest that the Pioneers are having their patience tested by the core teamโs unwillingness to communicate.
Why This Matters
The highly-accessible model of Pi Networkโs crypto mining consensus has united a worldwide community of crypto enthusiasts, amplifying the demand for the underlying coinโs trading on major platforms.
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