After Hitting a Record Low Earlier This Month, Pi Has Been Trading Between $0.60 and $0.65

After hitting a record low earlier this month, Pi has been trading between $0.60 and $0.65. While price volatility has settled

After hitting a record low earlier this month, Pi has been trading in a tight range between $0.60 and $0.65. While the price volatility has settled, there’s still no sign of a strong recovery.

Adding to the frustration, crypto payment platform Banxa has reportedly paused Pi transactions, likely due to pending Know Your Business (KYB) approval. Banxa previously purchased millions of Pi at low prices and may return once approval is granted and Pi’s price improves.

This new report by Benzinga highlights the key takeaways from the latest price action and industry rumors.

What Happened: After hitting a record low earlier this month, Pi has been trading in a tight range, compressing inside a wedge pattern on the lower time frames. The key resistance to watch is at $0.65, and a confirmed breakout above this level—especially with strong volume—could spark a sharp rally. But if the price fails to break above $0.65, it may fall back to test support around $0.60.

"I am fairly confident that the price pumping of Pi might start during the Consensus Summit (May 14–16, 2025) rather than at the end of August when Pi unlocking significantly reduces," said crypto analyst Dr Altcoin, who is best known for his deep dives into lesser-known tokens.

The new report also mentions that crypto payment platform Banxa has reportedly paused transactions for Pi, likely due to pending Know Your Business (KYB) approval.

According to previous reports, Banxa purchased millions of Pi tokens at low prices earlier this year to enable users to buy the cryptocurrency via the platform. However, it seems that Banxa has decided to halt these services temporarily.

Once KYB approval is granted and the price of Pi shows signs of improvement, we might see Banxa re-enter the scene to facilitate Pi transactions once more.

The report further highlights that it’s now been over two months since Pi Network massively won Binance’s community vote by a wide margin, yet the token remains unlisted.

Hope sparked again on April 25, when Binance announced new listing criteria, leading to renewed speculation regarding a potential listing of Pi.

According to Binance’s updated evaluation framework, they will be focusing on eight key factors for token listing:

* Fundamental analysis: This includes evaluating the project’s vision, team, and technological innovation.

* Adoption metrics: Assessing the real-world usage of the token and the size of the user base.

* Tokenomics: Analyzing the token supply, distribution, and economic model.

* Community strength: Evaluating the community's engagement and support for the project.

* User feedback and suggestions: Gathering input from users regarding their experiences with the token.

* Market performance: Tracking the token’s price movements and trading volume.

* Liquidity: Evaluating the ease with which the token can be bought and sold.

* Team credibility and experience: Assessing the experience and expertise of the team behind the project.

For projects like Pi, which already have a circulating token, Binance will pay special attention to the following:

* Trading volume and liquidity: These factors are crucial for ensuring sufficient interest and activity in the token after listing.

* Market performance and price trends: Binance will consider how the token has performed in the market and whether it has potential for sustained growth.

However, major challenges remain. Pi is not yet operating on any of the four blockchains currently supported by Binance—BNB Chain, Solana, Base, or Ethereum. Without integration into a supported chain or a clear timeline for expansion, the path to a Binance listing seems far from certain.