- BitMart supports Pi Network’s mainnet migration.
- 1:1 token swap process awaited.
- Pi Coin price has decreased by 80% recently.
Pi Network has resumed trading on BitMart after a month-long suspension. The decision comes as the exchange supports Pi Network’s mainnet migration, with a 1:1 token swap pending KYB approval.
The resumed trading of Pi Coin on BitMart is significant for investors due to recent price volatility and community concerns.
The trading resumption on BitMart follows over a month of suspension, with confirmation of full support for Pi Network’s mainnet migration. The Pi Network Core Team remains cautious about exchange partnerships, awaiting KYB approval. Dr. Altcoin, a prominent crypto commentator, highlighted the delay in Pi withdrawals, reflecting growing community frustration.
“Hearings from community platforms point to expectations of improved liquidity post-swap, but clarity from both BitMart and the Pi Core Team is crucial,” says Dr. Altcoin.
The sudden drop in Pi Coin price, falling 80% from earlier highs, has affected investor sentiment, fueling bearish views. The lack of exchange listing support and unclear timelines have fed into this concern. Historically, post-suspension trading resumes with a short-lived rebounce, but sustainable highs demand clear ecosystem growth. Looking ahead, integration and expansion on major exchanges, plus involvement at Consensus 2025, will be pivotal. Experts foresee potential market volatility amid uncertainties, but upcoming announcements might influence trend shifts positively.
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