The Pi Network has officially landed a new exchange listing. Swapfone, a fast-growing mobile-focused blockchain and digital asset exchange, has announced that it will list Pi Coin ($PI) with trading to begin at 14:00 UTC on July 22. The new trading pair available is $PI/$USDS.
The listing comes with a celebratory airdrop campaign: Swapfone is giving away 200 Pi tokens to 10 users who share how long they’ve been mining Pi before its mainnet launch.
However, despite this seemingly positive news, Pi Coin’s price remains underwhelming. As of writing, it is still trading below $0.50, showing little reaction to the new listing. In fact, Pi has lagged behind other major altcoins in the latest crypto market rally. While Bitcoin has reached new highs and Ethereum, XRP, and Solana have surged in double digits, Pi Coin has only recorded 6% gains in the last seven days.
Experts and investors alike are puzzled. Back in May, Pi showed signs of tracking broader market movements. But in recent weeks, that trend has reversed. One reason for the stagnation could be the community’s mounting frustration with missed expectations.
Many expected tier-1 listings on exchanges like Binance or Coinbase by now, but those have yet to materialize. Celebrated dates like Pi Day and Pi2 Day came and went without exciting announcements.
Additionally, the token is still hovering near all-time lows since the mainnet launch in February. This is concerning to long-term holders who hoped the open mainnet would bring better liquidity and real-world usage.
On a macro level, crypto sentiment remains bullish. Ethereum is leading gains, and even U.S. regulatory developments have slightly improved after the House advanced key crypto bills, including the CLARITY Act and Anti-CBDC Surveillance Act. This “risk-on” environment typically favors altcoins like Pi Coin.
Moreover, Binance previously polled its users on a potential $PI listing and 90% responded positively. While the listing hasn’t happened yet, this kind of interest shows Pi still holds strong community backing.
Despite the listing, Pi remains under $0.50 due to weak momentum and unmet expectations from the community.
Swapfone is running a giveaway of 200 Pi tokens to 10 users who share their Pi mining history before mainnet launch.
Delayed tier-1 exchange listings and lack of real-world use have limited Pi’s price growth after its mainnet launch.
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