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Pi Coin (PI) has recently launched on CoinEx, marking its 12th exchange listing amid ongoing concerns about a potential Binance listing.
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Significant transparency issues are emerging regarding Pi Network’s funding details, raising further questions from its community about financial clarity.
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Despite being available on multiple exchanges, Pi Coin’s value has notably decreased by 19.3% recently, impacting its ranking on CoinGecko.
Pi Coin launches on CoinEx amid transparency concerns over funding and a recent price drop, highlighting challenges for Pi Network’s community.
Pi Coin Listed on CoinEx Exchange
On March 18, 2025, Pi Coin (PI) officially launched trading on the CoinEx exchange, introducing new opportunities for Pi holders. The trading pairs against Tether (USDT) became available shortly after the deposit and withdrawal window opened.
According to CoinEx’s announcement, “After rigorous reviews, CoinEx will list PI (Pi) on March 18, 2025.” This latest listing expands the reach of Pi Coin, now available on 12 exchanges. Yet, uncertainty looms regarding a potential listing on Binance, despite ongoing community support.
Close to 86% of Pi Network’s community has voted for a Binance listing; however, the exchange has not confirmed this move, which has led to questions regarding Pi Network’s long-term viability.
As one community member commented, “The failure to get listed on Binance, despite overwhelming support, raises serious concerns about public trust in the project.”
Pioneers Demand Transparency on Pi Network’s Funding Sources
Amid ongoing developments, Pi Network finds itself facing scrutiny as its community increasingly demands transparency concerning its funding sources. An investigation led by a Pi Network pioneer revealed that SocialChain Inc. has received investment from three firms—137 Ventures, Ulu Ventures, and Designer Fund. However, **two of these investors have not disclosed Pi Network in their official portfolios**, which raises questions about the project’s funding integrity.
Moreover, despite being forthcoming with investment details for other entities, these firms have remained silent regarding the financial specifics related to Pi Network.
“Why is Pi Core Team keeping this under wraps? Pioneers deserve transparency. If Pi Network aims for long-term sustainability, the team must be more open about its financial backing and key partnerships,” reads a recent post from an active member of the community.
Additionally, recent legal challenges, including a lawsuit by former co-founder Vince McPhillip, reveal further complexities about the project’s funding. The lawsuit details the financial mechanisms through which Pi Network operated, including fundraising rounds that culminated in the sale of Simple Agreements for Future Equity (SAFE) totaling $800,000.
Pi Coin Sees Double-Digit Price Decline
The recent developments have also negatively impacted PI’s market performance, with the altcoin recording a sharp decline of **19.3%** in value over the past week. This downturn has now placed Pi Coin from the 12th to the 21st position in the cryptocurrency rankings on CoinGecko.
As of the latest updates, PI trades at $1.1, reflecting a 16.5% decrease in just 24 hours. While the broader cryptocurrency market witnesses declines, PI’s losses raise concerns regarding its stability. However, community spirit remains high, especially with the PiFest 2025 event attracting significant participation globally.
This year’s PiFest has registered around 100,000 sellers, with 49,000 active participants utilizing the Map of Pi. Community engagement continues to show resilience, particularly in regions like Vietnam and Indonesia, where users rapidly exchange goods and services using PI tokens.
Interestingly, the Pioneer Korea community has established a consensus valuing 1 PI at **$50**, showcasing a stark contrast with its current trading price and highlighting the divergent perspectives within the community.
Conclusion
In summary, while Pi Coin’s listing on CoinEx represents a step forward, the project faces significant challenges related to transparency and community trust. With recent price declines complicating its market position, the future of Pi Network hinges on addressing these issues effectively, ensuring clarity in its financial undertakings to regain community confidence and stabilize its performance.
