As of April 26, 2025, Pi Network (PI) is experiencing significant developments amid market volatility.
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🔄 Mainnet Migration and Exchange Listings
Pi Network has initiated its mainnet migration roadmap, aiming to transition users and applications to its own blockchain. However, the community’s response has been mixed, and the PI token is facing resistance around the $0.78 level, with potential risks of further decline if it fails to break through this barrier. 
Exchange listings remain a challenge. BitMart has suspended PI trading for over a month, awaiting Know Your Business (KYB) approvals for a 1:1 token swap. Similarly, Banxa has delisted PI, and major exchanges like Binance and Coinbase have yet to list the token. 
📈 Market Activity and Whale Movements
Despite a price drop of nearly 80% from its February highs, PI has seen notable activity. Crypto whales accumulated over 41 million PI tokens within a two-day span, indicating potential bullish sentiment.  
Analysts suggest that PI’s current consolidation phase could precede a significant price movement, especially if catalysts like major exchange listings or broader crypto market rallies occur. 
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🧩 Ecosystem Developments
The Pi Core Team has approved the Fruity Pi decentralized application (DApp), a puzzle game that allows users to earn and spend PI tokens. This approval may signal a broader push for DApp and KYB approvals within the ecosystem. 
With the upcoming Consensus 2025 event, expectations are high for Pi Network to showcase its progress and potentially announce new partnerships or developments. 
📉 Price Performance
Currently, PI is trading at approximately $0.65, down from its peak of around $3 earlier this year. The token’s performance has lagged behind the broader crypto market, which has seen significant gains in recent months. 
In summary, while Pi Network faces challenges related to exchange listings and price performance, developments in its ecosystem and potential announcement could influence the price.
