After initial growth, Pi Network’s (PI) price has plummeted. Once trading near $3, it’s now around $0.62. Lack of price drivers and limited support from exchanges has raised concerns for holders and potential investors. One significant development is the suspension of Pi trading on BitMart exchange for over a month. Some community members speculate BitMart awaits business KYC confirmation from Pi’s core team. Dr. Alt Coin expressed concerns about withdrawal issues from BitMart. Meanwhile, payment service provider Banxa has halted Pi support without clear reasons, causing further uncertainty. However, there are hopes too. Huobi exchange has hinted at significant events for Pi and advised users to hold their PIs. Consensus 2025 event, a major annual gathering in the cryptocurrency industry, is approaching where Pi Network is a supporter. Nicholas Kokalis, its founder, will speak, potentially announcing important developments. Yet, Pi’s absence on major exchanges like Binance, Coinbase, or Kraken remains a serious obstacle to visibility and increased demand. Since its price peak, Pi Network has dropped about 80%, raising uncertainties about its future without significant changes.
