PI Coin, despite being popular, is unlisted on prominent exchanges like Binance and CoinGecko. The delay of Binance listing by 86% of the voters frustrates investors. This setback has also contributed to a slowdown in price momentum.
Pi Network blockchain explorer shows that the circulating supply of PI tokens has reached 6.9 billion. That represents a 9.5% increase since the mainnet launched on February 20. The rise suggests that more users are now active in the ecosystem.
The app has seen over 113.2 million downloads on Google Play Store. The simple mining model and low barrier to entry are winning it users globally. PI Coin is also being accepted as a form of payment by some merchants and websites, boosting its real-world usage.
However, the project faces regulatory scrutiny in countries like Vietnam and China. Authorities have raised concerns about investor risks tied to Pi Network’s structure.
While the Binance listing remains uncertain, PI Coin’s growing adoption and market position highlight its potential in the crypto market.