Recently, Pi Coin (PI) Has Been Listed on the Coinex

Recently, Pi Coin (PI) has been listed on the coinex

Pi Coin (PI) has been listed on the coinex - Centralised Exchangeexchange, CoinEx, marking a significant milestone for the project. The listing, which took place on March 18, 2025, comes at a time when Pi Network faces scrutiny over its funding sources. Trading for Pi Coin began at 11:30 UTC, with deposits and withdrawals opening earlier at 11:00 UTC. Pi holders can now trade PI against Tether (USDT). “After rigorous reviews, CoinEx will list PI (Pi) on March 18, 2025,” the exchange stated in its announcement.

This brings the total number of exchanges listing Pi Coin to 12, according to Coinranking data. However, the possibility of a Binance listing remains unclear. Despite 86% of the Pi community voting for it, Binance has not confirmed if or when it will list PI, raising concerns about the project’s credibility.

"Pi has dropped to #13 in the CMC ranking as its price falls below $1.3. The price drop is directly correlated with public sentiment. The failure to get listed on Binance, despite 86% of the community voting in favor, raises serious concerns about public trust in the project. This… pic.twitter.com/3488BffUEc"

Pi Coin has fallen to 13th place in the CMC rankings, with its price dropping below $1.3. Users note that the price drop is directly correlated with public sentiment.

Community Concerns Escalate

"This issue is further compounded by the disappointing lack of major announcements on Pi Day from the core team and the DEVs, despite the hype surrounding it," said one user on X.

Many early Pi miners are now publicly criticizing the Pi Core Team for not making real progress after six years of development. To prevent a collapse and regain public trust, the Pi Core Team must take action by releasing the Pi Open Mainnet Roadmap, launching the 100 DApps, and revealing investors and key stakeholders involved in the project.

A previous lawsuit filed by former co-founder Vince McPhillip against Pi Network sheds light on the project’s funding methods. The lawsuit claims wrongful termination, emotional distress, and breach of fiduciary duty, and reveals that Pi Network raised funds by selling SAFE (Simple Agreement for Future Equity) agreements.

In September 2019, Pi Network raised $500,000 at a $20 million valuation and later in February 2020, raised another $300,000 at the same valuation from 137 Ventures, a venture capital firm focused on early-stage technology startups. However, two of these firms—137 Ventures and Designer Fund—have not listed Pi Network in their respective portfolios despite the investments. This lack of transparency has led to calls from the community for more clarity about the project’s financial support and partnerships.

The case is pending in the San Mateo County Superior Court, and if successful, could have far-reaching implications for the cryptocurrency project and its founders.

The service chain company, SocialChain Inc., which helps brands create influencer marketing campaigns, has also invested in Pi Network, according to a report by DeepChain. This information is publicly available on SocialChain's website. The company's investment in Pi Network aligns with its broader strategy of investing in promising startups that are shaping the future of technology and marketing.

Earlier this year, in February 2025, Pi Network announced that it had achieved a major milestone with the launch of its mainnet, marking the beginning of a new chapter for the project. The launch followed a testnet phase, which began in December 2019, and was designed to allow developers to build and test dapps on the Pi blockchain.

The project, which began in 2018, was founded by two Stanford graduates—Dr. (Max) Chenpeng and Dr. (Pao) Pei. The goal of the project was to create a cryptocurrency that could be mined by ordinary people using their mobile phones. To join the network, users had to download an app and scan a QR code, setting up an account that required a valid phone number for verification.

The project quickly gained popularity, and within a few months of launching its testnet, Pi Network managed to amass a community of over 3.5 million members. The project also faced criticism over the years, with some accusing it of being a scam. However, Pi Network maintained that it was a legitimate project with a large and active community.

The launch of the mainnet marks a turning point for the project, as it enables the project to begin processing transactions and deploying smart contracts. It also opens up the possibility of Pi Coin being listed on centralized exchanges, which could make it accessible to a wider audience.

As the project moves into this new phase, it will be interesting to see