Simply two months after the launch of the extremely anticipated mainnet of the PI community on February twentieth, the undertaking is dealing with up to date scrutiny as customers are primarily reporting withdrawal halts of main exchanges for MEXC. This growth has a shadow over what was anticipated to be a groundbreaking second within the PI ecosystem.
It seems that the PI drawer is stopped in MEXC. How about OKX and BITGET? pic.twitter.com/n6gyasv1if
– Dr. Altcoin (@dr_picoin) April 19, 2025
Customers from numerous boards and social media platforms declare they’re unable to extract PI tokens from MEXC, elevating issues about liquidity and accessibility. In the meantime, PI homeowners at the moment are being attentive to different exchanges like OKX and Bitget, and eager to know if the drawers are working. Up to now, no formal points have been reported from these platforms, however the neighborhood stays an alert.
Technical Outlook: Will PI get again $1?
Based on a current evaluation, PI lately failed breakout makes an attempt from symmetrical triangles, inflicting short-term declines. Analysts consider that if the PI can get well and get well $0.85, then a rally from $0.89 to $0.91 continues to be doable. Nevertheless, a break beneath $0.83 may drop even additional in direction of key help of $0.80. On the time of writing, the Pi is buying and selling for $0.63.
Market uncertainty and cautious buying and selling conduct proceed to dominate the PI chart motion, with many ready to see if the coin regains momentum or falls additional.
Trying forward: Utilities and market pressures
The core power of the PI community lies within the rising ecosystem. Telegram Pockets, upcoming distributed functions (DAPPS), and ongoing neighborhood engagement all level to initiatives with a long-term imaginative and prescient. Nevertheless, questions stay concerning the coin’s skill to acquire alternate compliance, liquidity, and real-world traction.
Moreover, the lack to withdraw PI tokens from sure exchanges raises issues about whether or not the broader markets and regulators are totally operational property or whether or not they are going to watch PIs as a piece in progress.
Regardless of the obstacles, the PI neighborhood is optimistic. Supporters hope that new use instances, improved accessibility and expanded alternate partnerships will in the end push PIs again previous the $1 threshold.
