Here’s a balanced and factual article on Pi Network (cryptocurrency) with an explanatio
🌐 What is Pi Network?
Pi Network is a digital currency project that allows users to mine Pi coins on their phones. Unlike traditional cryptocurrencies, Pi was designed to be more accessible and eco-friendly by using a mobile-friendly consensus algorithm.
📰 Current Update (As of July 2025)
• The Pi Network team is still in the process of transitioning to the Open Mainnet.
• KYC (Know Your Customer) verification is ongoing for millions of users.
• Pi Wallets and Testnet transactions continue to be active, but Pi coins are not yet officially listed on major exchanges like Binance or Coinbase.
• The core team has emphasized that any Pi seen on public exchanges is unofficial or unauthorized.
🛑 Important: No official announcement has been made regarding the listing of Pi on any centralized exchange (CEX).
🚨 Fake News Alert: The “Pi Bounce”
A viral social media post recently claimed:
“Pi has bounced to $314 (coincidentally similar to 3.14), and is now trading on Binance!”
✅ Fact Check: False
• No such price surge has occurred.
• Pi is not tradable on major exchanges.
• This misinformation is often tied to scams or phishing links aimed at stealing user credentials or wallet info.
⚠️ Be cautious of images like this that show fabricated trading charts or manipulated screenshots.
How to Stay Safe
• Rely only on official Pi Network channels: minepi.com, official app, and verified social handles.
• Do not share your seed phrase or personal info with unverified sources.
• Be wary of apps or websites asking you to trade or withdraw Pi.
📈 What to Expect Next
• The Open Mainnet is expected to launch once KYC and ecosystem integration reach scale.
• Only then will Pi gain real market value and become tradable on legitimate exchanges.
🧠 Final Word
Pi Network is still in development. Claims of market listing or dramatic price jumps are not credible and often part of scams.