HTX hints at listing Pi Coin: Is Pi entering a new bull run?
After a long absence from leading exchanges, the Pi Network (PI) digital currency suddenly attracted attention when it appeared in image suggestions from HTX - one of the largest exchanges in the world. This move raised expectations that listing Pi on HTX could be very close, opening a new chapter for the community of more than 35 million users of the Pi network, also known as "Pioneers".
Is Pi Coin's decline about to bottom out?
After peaking at $2.99 just a week after the mainnet launch, the price of Pi Coin has dropped nearly 80%, currently hovering around the psychological support zone of $0.60. Analysts pointed out that the absence of major exchanges such as Binance, Bybit or KuCoin along with the stressful token unlock schedule has put pressure on the price.
As of now, Pi Coin is only traded on a few major exchanges such as OKX, MEXC, Bitget and Gate.io, with over 80% of the total trading volume coming from these platforms. Meanwhile, KuCoin – a notable name – has not yet officially supported trading, only directing users to decentralized exchanges (DEX).
HTX hints at listing: A necessary boost for Pi Network?
In recent days, the community has detected some notable signals from HTX. The exchange posted an image of a skyscraper in purple and yellow – Pi Network’s identifying colors – raising speculation about an imminent listing. If confirmed, this could be the necessary boost for Pi Coin to break the resistance level near $1 and recover its market position.
The event also coincides with Pi Network’s preparations to attend Consensus Summit – one of the largest blockchain events, held in Hong Kong in May. Some observers, such as “Dr. Altcoin,” believe that Pi could use this opportunity to kick off a new bull run.
But hurdles remain
Along with the positive signals, concerns remain within the community. Many question the decentralization of the network, with the majority of control believed to be in the hands of a small group of “Super Nodes.” Several Reddit threads have also mentioned a lack of transparency and communication delays from the Pi development team.
In addition, with an average daily unlock rate of 7.6 million PI – equivalent to about $4.67 million – continued supply growth could put pressure on prices if not accompanied by real demand.
Conclusion: Is a HTX listing enough to “rescue” Pi?
While the actual listing of Pi Coin on HTX remains to be seen, the current signs provide cautious optimism for the Pioneers community. A new listing, if it happens, would not only strengthen market liquidity but also pave the way for Pi to move closer to its big goals, including re-establishing the $1 mark.
However, with the ongoing token unlock schedule and doubts about the governance model, a sustained recovery for Pi Coin will require more than a media push.