Pi Network faces a critical crossroads. Its price dropped nearly 80% from a peak of $3, now hovering near $0.60. Investors are questioning the project’s ability to rebound. Can PI return to $1 despite mounting regulatory challenges and limited exchange listings?
Encouraging developments from BitMart and Huobi, combined with the upcoming Consensus 2025 event, could mark a major turning point for Pi. If momentum builds, Pi may regain its former price strength sooner than expected.
BitMart Reopens Pi Trading After KYB Delay
BitMart recently restarted Pi trading after a one-month pause due to Know Your Business (KYB) compliance procedures. That suspension had blocked 1:1 swap functionality and restricted user access.
With trading active again, crypto analyst Dr. Altcoin predicts this move could restore confidence and fuel a recovery. He also suggests that if BitMart secures full KYB approval, institutional trust may follow, along with a surge in retail activity.
This regulatory progress could position Pi for a smoother shift toward open mainnet and broader exchange accessibility.
Banxa Suspends Services but Holds Millions of Pi Tokens
Meanwhile, fiat-to-crypto gateway Banxa temporarily suspended Pi-related services, citing similar KYB concerns. This decision reduced liquidity and limited fiat on-ramp access for Pi buyers.
However, analysts reveal Banxa accumulated millions of Pi coins at low prices. That move signals a possible comeback when regulatory clearance arrives. If Banxa re-engages at scale, it could coincide with rising market demand, potentially accelerating Pi’s upward trajectory.
Huobi Sparks Hype with Pi Listing Teasers
In a move that ignited widespread speculation, Huobi (HTX) showcased the Pi Network logo in a recent official post. Although the platform hasn’t confirmed a listing, the Pi community has reacted with excitement.
If Huobi lists Pi, it could become the first major exchange to support the token. That action would provide immediate liquidity and connect Pi with millions of active users. Huobi also stands to benefit by engaging one of the largest Web3 communities globally.
Currently, Pi remains absent from top-tier exchanges like Binance, Coinbase, and Kraken, which limits its visibility and credibility. A listing on Huobi would change that narrative overnight.
Pi Price Update for April 29, 2025
At the time of writing, Pi trades at approximately $0.6095, down 3.7% from the previous day. On OKX, the price fluctuates between $0.58, with resistance forming at $0.68.
Analysts outline key levels to monitor:
- A breakout above $0.68 could lead to gains toward $0.78 and $0.85.
- Sustained momentum might push Pi back to $1.03, a level not seen in over a month.
- However, dropping below $0.60 could trigger another downtrend.
Consensus 2025 Could Be a Turning Point for Pi
The upcoming Consensus 2025 event, held from May 14–16 in Toronto, may reshape Pi’s future. Pi Network’s founder, Dr. Nicolas Kokkalis, will deliver a keynote presentation.
Many expect major announcements around the open mainnet, potential exchange listings, and strategic partnerships. These updates could energize the market and push Pi closer to $1. Investors appear to be positioning ahead of the event, anticipating bullish news.
Supply Pressure: Over 230 Million Pi Tokens Unlocking
May also brings a challenge: more than 230 million Pi tokens will unlock, worth about $146 million. With over 7.6 million tokens entering circulation daily, investors face real risks:
- Profit-taking may trigger sell-offs.
- Dilution could suppress prices if demand doesn’t scale.
- Volatility may increase before and during Consensus 2025.
The Pi community will need to monitor these inflows carefully to avoid sudden market shocks.
Conclusion: Can PI Return to $1?
Momentum is building. BitMart has reopened trading. Huobi may soon list Pi. And Consensus 2025 could introduce major updates. These factors may set the stage for Pi’s comeback.
Still, obstacles remain. Token unlocks, limited fiat gateways, and lack of top-tier listings continue to weigh on recovery efforts. For Pi to reach $1, it must break resistance at $0.68, attract sustained demand, and convert speculative buzz into real market action.
