Pi, the native token of Pi’s Open Network, has secured more exchange listings in preparation for its official launch.
This week, Pi Network announced its transition to the Open Network phase of the Mainnet, set to begin on February 20, 2025.
Exchanges Confirm Pi Network (Pi) Listings
Following Pi Network’s announcement, OKX confirmed plans to list Pi. Shortly after, Bitget followed suit, introducing the PI/USDT trading pair.
For now, the details of Bitget’s deposit availability remain undisclosed. Furthermore, today, MEXC has also announced its listing of the Pi token. These listings signal the exchanges’ commitment to supporting the token’s integration.
Meanwhile, HTX (formerly Huobi) is taking a different approach. With the Pi Network mainnet launch just six days away, HTX announced the expiration of its Pi IOU (I owe you) trading.
On February 13, the exchange delisted Pi and ceased related trading services. Based on Pi’s halt price, affected users would receive Tether (USDT) at a conversion rate of 1:61.28.
Essentially, the halt price is the last known price of Pi before its trading was suspended. Once the mainnet launches, HTX intends to list the real Pi token and open spot trading services.
These listings come as Bybit’s CEO, Ben Zhou, expressed strong skepticism about getting involved with Pi Network. Analysts have also cautioned that Pi’s listing on exchanges comes with risks.
Notably, Pi Network has faced criticism due to its user base. It primarily consists of less experienced investors. Experts warn that these users may react unpredictably to market fluctuations, increasing the potential for price volatility and panic selling. Additionally, its pyramid-like structure and multi-level marketing strategy have raised legal concerns.
Despite this, the market appeared to be bullish on the Pi token. Following the launch announcement, Pi’s IOU price soared to a high of $71.2.
Nonetheless, the momentum has slightly slowed. As of writing, it is trading at $61.2. According to BeInCrypto’s analysis, the expected price range for the Pi token during the launch is between $40.8 and $68.7.
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