Pi Network has recently gained attention with the listing of its native token, Pi Coin ($PI), on major cryptocurrency exchanges like MEXC. This move boosted market speculation about the coin’s potential to reach new heights, particularly after Kraken Pro launched perpetual futures trading for $PI. MEXC’s introduction of a USD1 trading pair marks a significant development for the Pi Network by providing easier access and increased liquidity. 20% trading fees will be waived until June 26 to encourage trading volume. This optimistic outlook is being fueled by early stakeholder activity like large transfers out of OKWX exchanges. However, concerns remain about potential price manipulation due to network centralization and insider sales, even if the token benefits from institutional interest.