HTX has delisted $PI, leaving traders shocked. The PI/USDT pair was halted at 08:00 UTC on February 13, 2025. This move comes ahead of the Pi Network mainnet launch, shaking the crypto world.
HTX has confirmed PI holdings will be converted to USDT at a ratio of 1:61.28 based on the halt price of PI. This dramatic shift raises major questions. Is HTX strategically waiting for Binance to list and support Pi Network mainnet launch before it re-engages?
HTX isn’t leaving Pi Network behind. Once Pi mainnet goes live, HTX will list the real PI token and open spot trading services. All open orders have been auto-cancelled. USDT equivalent balances have been credited to user wallets.
However, many speculate whether HTX is being cautious, possibly waiting for Binance—the world’s largest exchange—to take the first step in supporting Pi Network before reintroducing it.
HTX may be still loading, but Bitget and OKX are stepping in. These exchanges have confirmed Pi/USDT trading will start on February 20, 2025, at 08:00 UTC.
Bitget: Deposits closed, withdrawals open Feb 21, 09:00 UTC.
OKX: Deposits open, withdrawals start Feb 21, 08:00 UTC.
With new exchanges backing Pi Network, market confidence is rising rapidly.
Pi IOU is trading at $61.28, up 1.11% in the last 24 hours. However, trading volume has dropped by 16.61%, suggesting mixed sentiment among investors.
Pi Coin recently broke out of a falling wedge pattern, a bullish sign for traders. However, $100 resistance is a major barrier. If Pi Coin pushes through, a massive rally is possible. But a drop below $50 support could lead to a hard fall.
While the price action shows some strength, the dip in volume raises questions about sustainability. Will Pi’s momentum continue, or is this just temporary hype? Investors are watching closely, eager to see if Pi Network can live up to the excitement.
HTX's delisting decision for Pi IOU has left the market reeling, and investors and traders are now stuck in a tense waiting game. With rumors going wild, the big question now is—will Pi Network actually revolutionize cryptocurrency, or is this another cycle of hype?
As the project gets closer to its much-anticipated mainnet launch, the next few weeks will be telling in deciding its fate. Believers are optimistic, but cynics doubt its applicability in the real world.
Regardless of whether Pi Network fulfills its potential or disappears into thin air, one thing is for sure—the crypto community is following its progress intently. Wait and see what happens next and stay updated on Pi Network Mainnet essential reminders .
Also read: TapSwap Listing date Update: Will $TAPS Finally Launch on Feb 17?