Pi Network ($PI) comeback soon? Banxa returns as BitMart and HTX revive exchange buzz

Pi Network (PI) Gears for Potential Comeback as Banxa, BitMart, and HTX Stir New Momentum

After a dramatic rally in early 2024 that saw Pi Network (PI) briefly surpass the $3 mark, the cryptocurrency entered a prolonged period of decline, bottoming out at approximately $0.49 in April. Now, recent developments suggest a potential turning point for the Web3-based crypto project, as several key catalysts hint at renewed momentum.

Pi Network, a mobile-first blockchain initiative that allows users to mine tokens on smartphones, is showing signs of a possible resurgence thanks to increased institutional interest, exchange activity, and public visibility through major industry events. The return of fiat-crypto service provider Banxa, renewed trading activity on BitMart and HTX, and an upcoming speaking appearance by Pi Network co-founder Dr. Nicolas Kokkalis at Consensus 2025 are converging to paint a more optimistic picture for PI's near-term prospects.

Banxa Reignites Onboarding Wave for Pi Network

Banxa, a globally recognized fiat-to-crypto on-ramp solution, has officially resumed its support for Pi Network, sparking excitement within the PI community. The company had previously suspended PI-related operations due to internal updates and shifting regulatory considerations. However, with those issues apparently resolved, Banxa has now reactivated its services—resulting in what some reports describe as thousands of new users onboarding to Pi Network daily.

This resurgence in onboarding activities is considered a vital metric for blockchain-based projects seeking scale and stability. For Pi Network, which is still in its pre-open mainnet phase, an expanded user base not only enhances transaction volume and network activity but also improves the project’s long-term appeal to centralized exchanges and institutional players.

The decision by Banxa to reintegrate PI into its ecosystem reflects growing confidence in Pi Network's infrastructure and its future trajectory. As a user-friendly, mobile-first crypto platform, Pi Network continues to serve as a gateway for first-time participants entering the digital assets space. This unique positioning could place the token in an advantageous spot amid a broader crypto adoption trend.

BitMart and HTX Signal Renewed Exchange Enthusiasm

The presence of PI Coin on centralized exchanges (CEXs) has long been a source of confusion and debate. Historically, platforms such as BitMart and HTX (formerly Huobi) offered IOU or futures-style versions of Pi Coin—derivatives that do not reflect the actual tokens currently locked within the project's ecosystem pending the mainnet launch. These listings often carried disclaimers noting their unofficial status, as the Pi Core Team has not formally authorized public trading.

Nonetheless, BitMart recently resumed trading for PI after a prolonged hiatus, reigniting interest from retail traders and altcoin enthusiasts alike. Meanwhile, HTX has been teasing PI-related announcements through social media, fueling speculation that another exchange listing could be imminent.

Although these activities have yet to receive formal validation from the Pi Core Team, their occurrence suggests that major exchanges are positioning themselves for Pi Network’s eventual public debut. This anticipation implies that the infrastructure required to support PI trading is already in place or in development, potentially allowing for a seamless transition once the mainnet fully opens.

Crypto market analysts view the actions by BitMart and HTX as a litmus test for PI’s future exchange liquidity and retail demand. If officially sanctioned trading begins in the coming months, Pi Network could emerge as a dominant player among altcoins launched via mobile-based mining.

Dr. Nicolas Kokkalis to Speak at Consensus 2025

Perhaps the most symbolic indication of Pi Network’s re-emergence is the announcement that co-founder Dr. Nicolas Kokkalis will be a featured speaker at Consensus 2025, one of the largest and most influential blockchain conferences in the world. The annual event, hosted by CoinDesk, is scheduled to take place in Toronto in May 2025 and is expected to draw top-tier institutions, investors, developers, and journalists from across the globe.

Dr. Kokkalis’ participation represents a significant shift in public engagement by the Pi Core Team, which has historically remained low-profile in its communication strategy. His inclusion on the list of keynote speakers underscores both the project’s growing relevance and the team’s readiness to step into the global spotlight.

Industry observers believe Kokkalis’ speech could offer much-needed clarity on several open questions surrounding Pi Network, including details about the full mainnet launch timeline, strategies for exchange integration, and future utility plans for the PI token.

🚨 Pi Coin Trading Resumes on BitMart!

Pi Network has resumed trading on the BitMart exchange after a month-long suspension, boosting bullish expectations for the coin, especially as it attempts to reclaim the $1 mark.
Meanwhile, HTX is once again hinting at a potential listing… pic.twitter.com/GAz5oRSiNQ

— Hadri Derar (@HadriDerar) April 25, 2025

Any announcement regarding developer incentives or institutional partnerships could signal a strategic pivot for Pi Network—from a community-driven experiment to a full-fledged player in the decentralized finance (DeFi) ecosystem.

Market Outlook: Price Recovery and Community Sentiment

At the time of reporting, Pi Coin is trading at approximately $0.5780, marking a slight 0.07% increase over the past 24 hours. While the token remains more than 80% below its February highs, the underlying sentiment within the community appears to be shifting. Social media forums, Telegram groups, and developer circles have witnessed a noticeable uptick in activity, suggesting that renewed optimism is taking root.

Despite the speculative nature of PI's current market value—largely due to the absence of an officially tradable token—the broader momentum surrounding onboarding, exchange preparation, and leadership visibility points to a project on the verge of transformation.

Source: CoinMarketCap

For existing Pioneers who have spent years mining and promoting Pi Network, the recent wave of activity could be the long-awaited validation of their efforts. Meanwhile, for new entrants exploring blockchain for the first time, Pi’s low barrier to entry and growing ecosystem offer an accessible on-ramp into the world of decentralized technologies.

The convergence of these developments presents a crucial moment for Pi Network. If executed strategically, the upcoming months could mark the project's successful transition from a novel experiment in mobile mining to a globally recognized digital currency with real-world applications and exchange presence.

Final Thoughts

While Pi Network still faces several hurdles—including regulatory clarity, mainnet launch logistics, and formal exchange validation—the current indicators suggest that the platform is inching closer to its long-anticipated public breakthrough. Whether these developments lead to a sustained rally or another short-lived spike will depend on execution, transparency, and the Pi Core Team's ability to align its vision with market expectations.

Nonetheless, with major players like Banxa, BitMart, and HTX stepping back into the picture, and with Pi Network’s leadership preparing to engage a global audience at Consensus 2025, all eyes are on PI Coin’s next move.

Writer @Barland

Barland is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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