Pi Coin (PI) was listed on the CoinEx exchange on March 18, 2025, but the project faces questions about its funding and lack of Binance listing confirmation.
Listing on CoinEx and Community Reaction
Pi Coin was listed on CoinEx, marking an important step for the project. Trading began at 11:30 UTC, with deposits and withdrawals opening at 11:00 UTC. PI is now available to trade against Tether (USDT). However, despite 86% community support, Binance has not confirmed a listing, raising concerns about the project's credibility.
Funding Transparency and Lawsuit
Recent investigations revealed that SocialChain Inc., the company developing Pi Network, received investments from three firms, two of which do not list Pi Network in their portfolios. As a result, the community is demanding greater transparency. Additionally, a lawsuit filed by former co-founder Vince McPhillip claims that Pi Network sold SAFE agreements to raise funds.
Pi Coin Price Drop and Community Expectations
Pi Coin's price dropped by 19.3% over the last week and is now trading at $1.1. The price decline is linked to the upcoming token unlock event, which will increase the total supply in the market. The community expects the Pi Network team to take actions to restore trust.
While Pi Coin continues to expand its market presence, questions remain about its funding transparency and project advancement. These issues impact the price and trust in the project.
