Banxa Suspended Pi Coin Trading while BitMart Delisting Still Stands

The Pi coin has had months of hardships and doubts from the community, and today, such doubts will become worse. Based on the most talked-about recent Pi news, this token has been delisted from two major platforms. This news comes at a time when the Pi community had already had questions about the mysterious lack of a CEX listing. Such problems have been adding to the selling pressure on the Pi price. Despite this, the market performance of this coin has been positive today. This increase in Pi network price can be attributed to the ongoing bull run in the crypto market.

Is the Delisting of Pi Coin by Banxa a Sign of Trouble?

At its all-time high, which was recorded in February, Pi coin was trading near the $3 point. Since then, the Pi price has continuously fallen and now trades near $0.6539. So the community is in uproar now as the token has even been delisted on some exchanges. Banxa, a crypto payment service that had recently added Pi to its platform, has suspended its trade. As of now, traders can not exchange Pi with fiat currency or any other asset. There has not been any official confirmation or statements from the Pi core team or the Baxa platform. 

Why Was Pi Coin Delisted from BitMart?

This is not the first time something like this has happened, as previously, the Pi coin had also been delisted from BitMart. The suspension has now continued for more than one month. Dr Altcoin, a well-known commentator in the Pi community, commented on this delay in an X post. Based on speculation from the Pi community, this delay was caused by the Pi core team itself. The community members think that BitMart is still waiting for the confirmation of the Know Your Customer. When this process is complete, the BitMart exchange can offer its  1:1 Pi swap service. 

Although these fundamental developments signal a further decline in Pi price, there is still the possibility of positive developments. Recently, a top-tier international exchange named  Huobi Exchange has hinted at a major development regarding the Pi coin. This exchange commented that investors should hold their Pi coins even at a low price. Then it exclaims that the reader should see the meaning behind its message, as it can not say more. As such, this evidence suggests that a Pi network price rally is underway. 

Could a Sudden Catalyst Ignite a Pi Coin Price Rally?

Currently, the Pi price action seems to show a consolidation phase with weak bullish candles in the volume. The current trend of sideways price movement comes after Pi experienced a surge to nearly $0.75. The Relative Strength Index, however, is bullish as it is now over the 50 natural score. Added to this, the RSI is moving above its moving average, which signals an upcoming bullish movement. Despite this, for a strong confirmation, the RSI might go higher than its current 52 position. There have also been some bounces in the RSI line’s movement, suggesting that bulls are monitoring the market. 

PI/USDT daily chart, published on TradingView, April 25, 2025

Based on the PI/USDT daily chart, we can see that the ADX is sitting at 10. This indicates that the trend is very weak, and the price will be moving sideways. Based on this score, the Pi market seems to be in the dominance of neither bears nor bulls. For any trend to become prominent, the ADX needs to at least rise above the 20-point level. As such, the technical signals only show a small chance of an incoming bullish breakout. Despite this, a positive catalyst can turn the tide and ignite a price rally for this token.

Can a Major Announcement Revive Pi Price Momentum?

The recent Pi news also included the announcement of an upcoming positive event for the token. The Pi network will be sponsoring the upcoming Consensus 2025 crypto gathering. Moreover, the Pi Co-founder, Nicolas Kokkalis, will be giving a speech at this event. Such a gathering can prove to be a key moment in Pi Network’s history. The Pi team can use this opportunity to address the community’s worries. The Pi team can even share some exciting updates or upcoming collaborations and ignite community hype and positivity. Lastly, a listing on a top-tier CEX could really help the Pi Network’s reputation as well.