Pi Network has gained an additional trading venue this week as cryptocurrency exchange SolCex added the token to its platform, providing Pi with further entry points into digital asset markets even as major exchanges continue to hold off.

SolCex listed Pi alongside Ethereum Classic and Canton Network's token, enabling cross-chain trading access for Solana-based users. One commentator described the move as a meaningful step forward, noting that pairing Pi with established assets like Ethereum Classic exposes the token to deeper liquidity pools it has not previously reached. For context, SolCex operates as a smaller-tier exchange on the Solana chain, meaning the listing expands Pi's reach primarily among Solana-native traders rather than significantly broadening its overall market footprint. The incremental nature of the listing underscores the challenge Pi faces: while new venues continue to emerge, the exchanges that would most materially affect liquidity and visibility remain out of reach.

Current Price Action

Pi coin currently trades near $0.089, representing a 97% decline from its all-time high of approximately $3, a peak reached in February 2025 around the time of Pi Network's long-anticipated open mainnet launch. The token fell to a fresh low near $0.07 in mid-July before recovering above $0.09, though it has faced repeated rejection at the $0.10 level. Pi briefly dropped below $0.08 late last month before reclaiming that threshold and pushing above $0.09 on multiple occasions throughout August.

Binance and Coinbase Still Out of Reach

Despite ranking among the top 100 cryptocurrencies by market capitalization and maintaining one of the largest communities in the crypto sector, Pi has yet to secure listings on either of the industry's two largest exchanges. The token is currently available on OKX, Gate, MEXC, and Kraken. Binance and Coinbase, however, remain unavailable — a gap that several community members characterize as increasingly conspicuous given Pi's market position and user base. Major exchanges typically evaluate tokens based on factors including regulatory compliance, demonstrated utility, network security audits, and transparent tokenomics, all of which have been subjects of ongoing scrutiny for Pi Network since its mainnet transition.

Upcoming Token Supply Release

Approximately 775.8 million additional Pi tokens are scheduled to enter circulation later this year, a figure that has generated debate within the holder community. One commentator argued that the central issue is not the sheer volume of tokens but rather what demand-side activity will absorb them. If Pi's expanding ecosystem of applications begins generating genuine transactional activity before the tokens unlock, the added supply could be absorbed more readily. Conversely, if meaningful usage fails to materialize, the increased supply would apply downward pressure on price. The unlock stems from Pi's token distribution model, which gradually releases mined Pi to users over time — a mechanism designed to discourage immediate selling but one that periodically introduces substantial new supply into the market.

Technical Development Progress

Beyond price movements, Pi Network's technical roadmap continues to advance. The network is approaching Protocol 27, with its testnet already operating version 26. A new node update has also been released, representing another step in Pi Network's ongoing upgrade trajectory. These protocol iterations are part of the project's effort to build out a functional decentralized network capable of supporting real applications, a prerequisite many observers view as essential for sustaining long-term token demand beyond speculative trading.

Source: CryptoNews.net