Pi Network is facing one of its most critical moments as its market price has plunged by nearly 80% from the all-time high of $3. Currently trading around $0.60, Pi has struggled to maintain investor confidence amid ongoing regulatory and liquidity challenges. Can PI Return to $1?
However, recent developments involving BitMart, Banxa, and especially Huobi – combined with the upcoming Consensus 2025 event – could shift the tide and reignite bullish momentum, possibly pushing Pi back to the symbolic $1 milestone.
BitMart Resumes Pi Trading After KYB Pause
One of the most important updates comes from BitMart, which recently resumed Pi Network trading after a one-month suspension caused by a pending KYB (Know Your Business) compliance review. The pause had previously halted 1:1 Pi swap transactions and disrupted trading activity, limiting user access to the coin.
With Pi trading now live again, crypto analyst Dr. Altcoin predicts this could mark a turning point for Pi’s recovery. He notes that if BitMart receives final KYB approval, it may further solidify market trust and attract a renewed wave of retail interest.
This return to trading on BitMart also signals broader regulatory progress for Pi, especially as it navigates the transition from a closed mainnet to full public accessibility.
Banxa Suspends Pi Support, But Accumulated Millions of Tokens
While BitMart’s news is encouraging, Banxa, a leading fiat-to-crypto payment gateway, has temporarily suspended Pi-related services for the same KYB reasons. The suspension has reduced liquidity and made it harder for users to purchase Pi with traditional fiat currencies.
Nonetheless, analysts report that Banxa had previously acquired millions of Pi tokens at low prices, suggesting that the company may be preparing for a stronger return once full regulatory approval is secured. If Banxa re-enters the market at scale, this could coincide with a bullish phase and contribute to a price rally.
Huobi Sparks Speculation with Pi Listing Rumors
Adding more fuel to the speculation, Huobi (HTX) recently featured the Pi Network logo in an official post, sparking rumors that a listing could be imminent. While no formal confirmation has been provided, this development has already generated significant buzz in the Pi community.
If Huobi moves forward with listing Pi, it could become the first major exchange to offer Pi trading—bringing instant liquidity and exposure to millions of potential investors. At the same time, Huobi would benefit from access to one of the largest and most active Web3 communities globally.
Currently, Pi remains unlisted on major exchanges like Binance, Coinbase, and Kraken, which limits its accessibility and perceived legitimacy. A Huobi listing would represent a major leap forward.
Price Update at $0.60 on April 29, 2025, Amid Volatility
As of April 29, 2025, Pi is trading at approximately $0.6095, representing a 3.7% decline from the previous day. On OKX, the price fluctuates between $0.6043 and $0.6368, roughly equivalent to 15,710–16,570 VND. Despite Bitcoin surging past $95,000, Pi remains in a narrow range, consolidating below the $0.68 resistance level.
Technical analysts highlight key thresholds to watch:
- If Pi breaks above $0.68, it could aim for short-term targets of $0.78 and $0.85.
- If momentum continues, Pi may retest the $1.03 mark, a level not seen in over a month.
- On the downside, $0.60 remains a key support level that, if breached, could lead to further corrections.
Consensus 2025 Could Be a Game-Changer for Pi
All eyes are now on Consensus 2025, set to take place in Toronto from May 14–16. The event is one of the most influential blockchain conferences globally, and Pi Network founder Dr. Nicolas Kokkalis is slated to be a featured keynote speaker.
Expectations are high that Kokkalis will announce major strategic plans for Pi’s development, potentially including updates on open mainnet progress, exchange listings, or large-scale partnerships.
Many investors are adopting a “buy the rumor” strategy, expecting Pi’s price to rise ahead of the event. However, there are risks involved.
Token Unlocking Pressure: Over 230 Million Pi Set to Hit the Market
May also marks a critical moment for Pi’s supply dynamics. Over 230 million Pi tokens, equivalent to around $146 million, are scheduled for unlocking throughout the month—averaging over 7.6 million tokens per day.
This influx of supply poses serious challenges:
- Risk of sell-offs as early adopters may cash out.
- Increased dilution pressure if demand fails to match new supply.
- Greater volatility leading up to and during the Consensus 2025 event.
The Pi community will need to closely monitor these developments, especially as market sentiment could shift quickly based on news from the event or any official exchange listing announcements.
Conclusion: Can PI Return to $1?
With trading resumed on BitMart, growing speculation around Huobi, and the potential exposure from Consensus 2025, the conditions are aligning for a possible short-term Pi recovery.
However, success is far from guaranteed. Token unlock pressure, limited listings on tier-one exchanges, and inconsistent fiat on-ramp support remain key barriers.
If Pi can break through the $0.68 resistance and sustain upward momentum through Consensus 2025—while managing token unlock risks—it may have a legitimate shot at reclaiming for the first time in months. PI can return to $1
Investors are advised to proceed with caution, monitor volume trends, and prepare for significant price swings in May.