The buzz around Pi Network has quietened significantly as the token continues to battle regulatory and technical obstacles amid a stalled recovery.
After plunging to new lows earlier in April, Pi has been trading in a narrow range of $0.60-$0.65 with no sign of a substantial comeback.
Further problems have emerged with crypto payment provider Banxa, which previously bought up large amounts of Pi at a discount, reportedly pausing transactions in the token.
This pause appears to be related to pending Know Your Business (KYB) approval, and Banxa may resume transactions once it receives regulatory clearance and Pi’s price shows signs of recovery.
At the same time, hopes for a listing on Binance, a subject of heated discussion earlier in the year, remain in deadlock.
Despite winning Binance’s community voting contest by a landslide, Pi still isn't listed on the exchange.
The exchange’s recently updated listing guidelines, announced on April 25, sparked some debate. However, Binance’s new framework places strong emphasis on liquidity, adoption, token performance, and compatibility with Binance-supported chains.
This poses a significant hurdle for Pi, which is not currently integrated with BNB Chain, Solana, Base, or Ethereum—the four blockchains Binance prioritizes in its updated framework.
Without bridging into one of these ecosystems or announcing clear expansion plans, Pi’s journey to a major exchange listing seems increasingly difficult.
For now, traders and supporters of Pi must wait and observe for either progress on the regulatory front or technical developments that could generate renewed interest in the token.
