CoinEx listing Pi Coin is currently making headlines as Pi Network’s token faces some pretty serious market challenges right now. The recent Pi Coin price drop of around 19.3% in just the past week has definitely raised questions about its future amid the broader cryptocurrency market downturn that many investors are worried about.
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Exploring the Impact of Pi Coin’s CoinEx Listing on Market Volatility
Pi Coin (PI) officially joined the CoinEx exchange on March 18, 2025, which marks its 12th exchange listing overall. Trading began at around 11:30 UTC with PI/USDT pairs becoming available for traders. This CoinEx listing Pi Coin development comes at a time of rather significant crypto price volatility in the markets.
Transparency Concerns Grow
Questions about Pi Network’s funding sources have intensified lately. An investigation that was conducted revealed that SocialChain Inc., the company behind Pi Network, has received investments from three firms, but two of them haven’t even included Pi in their official investment portfolios.
A community member wrote on X:
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.
🔍Who Are Pi Network’s Investors? The Mystery Continues! 🚨
— Pi Network – Open Mainnet (@Pi81Mall) March 18, 2025
The Pi Core Team has never officially disclosed any investors behind Pi Network. However, it’s been reported that SocialChain Inc. (Pi Network) has received funding from three firms: 137 Ventures, Ulu Ventures, and… pic.twitter.com/6vgMPo8fCd
The CoinEx listing Pi Coin news coincides with all of these transparency issues, potentially contributing to Pi Coin investment risks for many holders.
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Binance Listing Uncertainty
Despite the fact that about 86% of the Pi community actually voted in favor of pursuing a Binance listing, the exchange hasn’t yet confirmed any plans to list PI, which is creating additional Pi Coin investment risks for investors.
A pioneer stated on X:
The failure to get listed on Binance, despite 86% of the community voting in favor, raises serious concerns about public trust in the project.
Pi has dropped to #13 in the CMC ranking as its price falls below $1.3. The price drop is directly correlated with public sentiment. The failure to get listed on Binance, despite 86% of the community voting in favor, raises serious concerns about public trust in the project. This… pic.twitter.com/3488BffUEc
— Dr Altcoin (@Dr_Picoin) March 18, 2025
Price Performance Issues
At the time of writing, PI currently trades at around $1.1, which is down approximately 16.5% in just 24 hours and about 19.3% over the week. This substantial price drop has pushed it from 12th place all the way down to 21st place on the CoinGecko rankings. The cryptocurrency market downturn has certainly affected many tokens across the board, but PI’s decline has been noticeably more severe than most.
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Community Remains Active
Despite all the CoinEx listing Pi Coin challenges and ongoing price struggles, Pi Network’s community engagement continues to be strong through events such as PiFest 2025, which has attracted around 100,000 registered sellers from all around the world. The Pioneer Korea community currently values 1 PI at approximately $50—which is far above its actual market price of just about $1 right now.
Legal and Funding Questions
A lawsuit that was filed by former co-founder Vince McPhillip revealed that Pi Network raised about $500,000 back in September 2019 through SAFE agreements, and this was followed by an additional $300,000 in February 2020. These funding rounds apparently valued the project at around $20 million at that time.
This ongoing legal situation adds to the various investor concerns about the project’s future amid the crypto price volatility and cryptocurrency market downturn that has impacted prices across virtually the entire market in recent weeks.
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The recent CoineE listing Pi Coin development certainly represents a milestone for Pi Network, but some major challenges definitely remain unresolved. As Pi Coin investment risks continue to persist, investors and community members will likely be watching closely to see if this new exchange relationship can help stabilize the token’s performance and perhaps address the transparency concerns that continue to impact its overall market position going forward.