The cryptocurrency landscape is buzzing again as the Pi Network draws attention amid rumors of impending delistings from major exchanges like OKX and Mexc. The latest speculations claim that these exchanges may halt support for Pi token trading, leading to heightened anxiety among investors.
Current Situation of the Pi Network
Alarm bells have been ringing after reports surfaced indicating that OKX intends to suspend new loans for Pi/USDT margin pairs, with full suspension reportedly planned between August 27 and 28. This action could severely impact liquidity and raise concerns regarding institutional confidence in the token.
Panic Among Investors
These rumors have triggered panic among Pi token holders, many of whom are already disheartened by the continuous delays in the launch of the Mainnet. As doubts mount about the project’s long-term viability, the once-promising vision of a community-driven digital currency now appears to be wavering.
Expert Opinions on the Matter
In a bid to alleviate concerns, market analyst Dr. Altcoin stepped in to refute the rumors, asserting that the claims surrounding the supposed delisting of Pi on OKX and Mexc are unfounded. He emphasized that trading volumes for Pi remain robust on these platforms, thus ensuring a steady market presence.
“The rumors surrounding the radiation of Pi from OKX or Mexc are false! Pi continues to actively trade with healthy volumes,” Dr. Altcoin stated.
Current Price Trends
Despite these reassurances, the price of Pi tells a different story. Currently trading at approximately $0.34, the token has seen a decline of over 2% in recent days, with a troubling new low of $0.3304 just two days prior. This represents an alarming 88% drop from its peak value of $2.98 in February 2025, leading many to question if Pi can regain key resistance levels.
Future Outlook for Pi Coin
Market experts remain divided regarding the future of the Pi Network. Some believe that with the successful launch of the Mainnet and the implementation of Know Your Customer (KYC) measures, the price could potentially reach around $1 by mid-2025, with a long-term goal of hitting $4. However, caution is warranted, as analysts warn that failure to maintain a price above $0.38 could see the token’s value tumble to around $0.30, especially as more tokens become unlocked.
Long-term Predictions for Pi Network
Consensus seems to suggest that 2025 will be a pivotal year for the Pi Network. Predictions for the year 2030 vary widely, ranging from $0.48 to $1.75, dependent largely on the rate of adoption and the extent of exchange listings. As the cryptocurrency world watches closely, the fate of the Pi Network hangs in the balance.