Pi Network faces bearish pressure as it trades near $0.35 amid unconfirmed Binance listing rumors and the upcoming hackathon event on August 19-22, 2025.
Hackathon Opens Doors with 75,000 PI in Prizes
Pi Network recently announced a hackathon from August 19–22, 2025, offering 75,000 PI in prizes. Intense speculation surrounds a possible Binance listing but remains unconfirmed by project leaders. The Pi Network team emphasizes growth through utility rather than speculation.
Unconfirmed Binance Listing Keeps Market Guessing
Market analysts note that Pi's price pressure stems from substantial token unlocks increasing supply levels, potentially influencing Pi's valuation negatively. Hackathons are seen as drivers for potential dApp creation and growth. The cryptocurrency community remains skeptical about exchange listings, impacting short-term market sentiment.
Past Events Show Limited Long-Term Influence
In past instances like the Pi2Day event, short-lived price rallies were observed but had minimal long-term impact due to persistent utility and supply issues. Similar outcomes may transpire without significant exchange support. Based on previous hackathons, the current initiative might not yield long-lasting price spikes but could bolster developer interest. Industry experts stress the need for real-world application to sustain Pi's ecosystem growth.
Thus, Pi Network faces current market challenges. Despite anticipated events, price pressure remains, and the uncertainty surrounding exchanges and token supply may persist.
