Banxa recently invested $19 million in Pi Network to boost liquidity; however, this did not lead to the expected price increase.
Liquidity Investment
Banxa injected $19 million into Pi Network to expand liquidity options, making it easier for users to purchase Pi. Despite this, the anticipated price movement did not follow, leaving the community wary.
Community Skepticism
While the integration with Banxa enhances purchasing accessibility, Pi's price continues to struggle. The community perceives the lack of major exchange listings as a hindrance to real price growth.
Absence from Major Exchanges
Historically, new token listings on exchanges stimulate market enthusiasm. However, the absence of major exchange listings in the case of Pi results in a muted market response. Experts suggest that without exchange-traded listing opportunities, the prices of Pi tokens are unlikely to sustain significant rallies.
Banxa's investment in Pi Network was expected to enhance liquidity, yet the lack of major exchange listings and resulting price stagnation remain critical challenges for the community.
