tl;dr
Pi Coin (PI) has been listed on CoinEx, adding to its 12 exchange listings. However, concerns about Pi Network's funding sources and credibility persist, with demands for transparency from the community. An investigation revealed undisclosed investments in the project, raising questions about financ...
Pi Coin (PI) has achieved a significant milestone by being listed on the CoinEx exchange, adding to its 12 exchange listings. However, there are concerns within the community regarding Pi Network’s funding sources, with demands for transparency. An investigation revealed undisclosed investments in the project, raising questions about financial backing and partnerships. Despite these challenges, the price of PI has declined by 19.3% over the past week, leading to a drop in cryptocurrency rankings to 21st place on CoinGecko. Nonetheless, Pi Network’s community engagement remains strong, exemplified by PiFest 2025 attracting significant global participation.
The listing of Pi Coin (PI) on CoinEx exchange represents a notable milestone for the project, despite ongoing demands for transparency about Pi Network’s funding sources. The deposit and withdrawal window for PI opened at 11:00 UTC, followed by trading at 11:30 UTC against Tether (USDT). This latest listing adds to the coin's availability on 12 exchanges as per Coinranking data, although uncertainty remains about a potential listing on Binance. The failure to secure a Binance listing, despite 86% of the community voting in favor, has raised concerns about the project’s credibility.
As concerns surrounding Pi Network continue to grow, the project faces another controversy regarding transparency about its funding sources. An investigation revealed investments from three firms: 137 Ventures, Ulu Ventures, and Designer Fund, two of which have not officially included Pi Network in their investment portfolios. Additionally, none of these firms have disclosed the amount of money they have invested in Pi Network. This lack of transparency has sparked calls from the community for a more open approach to financial backing and key partnerships. Previous legal actions against Pi Network have also shed light on its funding methods, including fundraising through the sale of financial instruments called SAFE (Simple Agreement for Future Equity). Despite these efforts, the lack of clear financial disclosure continues to fuel concerns within the Pi Network community.
Amid these challenges, PI’s price performance has taken a hit, with a 19.3% decline in value over the past week, resulting in a drop in cryptocurrency rankings to 21st place on CoinGecko. At the time of writing, PI was trading at $1.1, down 16.5% in the past 24 hours. Despite this, Pi Network’s community engagement remains vibrant, particularly through the successful global participation in PiFest 2025, where users exchange goods and services using PI tokens.