- Pi Coin has resumed trading on BitMart after a month-long suspension, boosting hopes for a price recovery and renewed investor confidence.
- Despite setbacks like Banxa’s suspension and no major exchange listings, Pi Network’s growing community and upcoming milestones keep optimism alive.
Story Highlights:
- Pi Network News heats up with new dApp approvals and token purchases ahead of Consensus 2025.
- Pi Coin listing on Binance remains uncertain, but community optimism fuels speculation.
- BitMart resumes Pi trading after a month-long pause; Banxa still awaits KYB approval.
Pi Coin, once a rising star in the crypto world, has seen turbulent times recently. After peaking at $3, the digital currency has crashed nearly 80%, igniting concerns about its legitimacy, liquidity, and exchange support.
A significant blow came last month when BitMart suspended Pi Coin trading, citing pending Know Your Business (KYB) approvals necessary for 1:1 Pi swaps. This move severely limited Pi’s accessibility, shaking investor confidence. However, a much-needed boost has arrived: BitMart has officially resumed Pi Coin trading.
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Crypto expert Dr. Altcoin shared that this reopening could help stabilize Pi’s price, with hopes of reaching the $1 mark. BitMart’s potential finalization of KYB approval would likely further strengthen market trust and momentum for Pi Network, especially as the community builds excitement ahead of Consensus 2025.
Meanwhile, Banxa, a key fiat on-ramp provider, has suspended Pi transactions pending its own KYB approval. The pause has reduced liquidity, making it harder for users to buy Pi Coin directly with fiat currency. Still, Dr. Altcoin points out that Banxa had previously acquired millions of Pi at lower prices. Once Banxa regains approval, it could reenter the market with force — potentially triggering a notable price rebound.
Speculation about a major exchange listing continues to swirl. Pi Network, despite its massive community, is still absent from heavyweight platforms like Binance, Coinbase, and Kraken. Recently, the Pi logo appeared in a post on HTX’s platform, sparking rumors of a possible future listing.
Although these developments hint at a brighter future, they aren’t enough on their own to catapult Pi into the crypto mainstream. Until Pi Network secures listings on larger exchanges and overcomes its liquidity challenges, questions about its long-term potential will remain.
Still, with trading back on BitMart and a loyal community rallying behind it, Pi Coin may be setting the stage for a major comeback.
