Pi Coin Struggles Amidst Weaker Support and Market Uncertainty

Pi Coin is facing mounting challenges, with its value plummeting from a peak of $3 to around $0.62. This decline is attributed to the lack of strong price drivers and the withdrawal of support from major exchanges. ๐Ÿ˜ฅ BitMart’s suspension of trading has left investors uncertain about their withdrawals, raising further concerns. ๐Ÿ“ˆ Uncertainty persists as BitMart awaits KYB approval for a promised exchange ratio with Pi Coin. ๐Ÿค The community is growing impatient, questioning the lack of updates and wondering if any progress has been made regarding withdrawals. Meanwhile, Banxa’s decision to discontinue Pi Coin purchases on its platform adds to the downward pressure on the coinโ€™s price. ๐Ÿ“‰ Despite these setbacks, there are glimmers of hope emerging from Huobi. This exchange has expressed optimism about Pi Coin and hinted at potential future listings or collaborations. ๐Ÿค Huobi’s statements have generated positive expectations among investors, while a prominent event, Consensus 2025, awaits to play a pivotal role in Pi Coinโ€™s future. ๐Ÿ‘€ However, the absence of listings on major exchanges like Binance, Coinbase, and Kraken hinders investor engagement and access to the coin. This lack of broader market presence continues to challenge Pi Coin’s growth trajectory.