OKX, one of the world’s leading crypto exchanges, has added a new trading pair Pi Coin (PI/USDC) in an effort to boost liquidity and draw in new traders. The move highlights OKX’s long-standing support for the Pi Network, as the exchange was the first to list Pi after the Pi Open Network launch and still handles more than a third of its daily trading volume.
Pi Coin Price Struggles Despite New Listing
Despite the new listing, Pi Coin’s market performance remains weak. Its trading volume has collapsed from $18 billion to just $2.6 billion, with an 85% drop.
Meanwhile, exchange reserves have climbed to 409 million Pi, suggesting that more holders are moving coins onto exchanges, often a bearish sign.
Currently, Pi Coin Price trades at $0.3637 with 7.89 billion coins in circulation out of a 100 billion max supply. The token has been highly volatile this year, plunging 87.8% from its all-time high of $2.98 (Feb 26, 2025), though it still sits 8.56% above its recent low of $0.3350 (Aug 6, 2025).
Even with a deflationary supply model, Pi’s price action shows weak momentum, keeping it in a fragile recovery phase without any clear bullish signals.
Pi Hackathon Social Dominance Drops to Weekly Lows
The Pi Hackathon 2025, which was expected to energize the project, has failed to spark the momentum developers hoped for. Instead, the community response has been largely critical, with many questioning the project’s direction.
At the same time, Pi’s social dominance, a measure of how often it’s mentioned online, has dropped to weekly lows, signaling fading investor interest.
These trends point to more than a short-term setback; they suggest a deeper loss of traction that could put extra pressure on Pi’s recovery prospects.
Will the New Pair Help or Hurt?
On paper, the PI/USDC pairing should enhance liquidity and offer traders a stable on-ramp. However, without new demand, it risks becoming a new exit channel for existing holders looking to offload their coins. In other words, rather than stabilizing the market, it could accelerate Pi’s decline if selling pressure continues.
For now, the Pi community is clinging to the hope that the pairing will invite institutional or retail interest. But unless sentiment shifts, the USDC pair may be remembered less as a lifeline and more as a missed opportunity.
