News

OKX Launches PI/USDC Pair as Pi Network Faces Liquidity Questions

OKX launches PI/USDC trading pair to boost Pi Network liquidity as trading volumes plunge 83% and community awaits 2025 migration updates.
Published by
OKX Launches PI/USDC Pair as Pi Network Faces Liquidity Questions

Highlights

  • OKX introduces PI/USDC pair, expanding Pi Network’s trading options and liquidity access.
  • The move gives Pi traders a stable USDC pairing, alongside BTC, ETH, DOGE, and XRP.
  • Analysts suggest this could substantial liquidity to Pi Network's ecosystem.

OKX has introduced a PI/USDC trading pair to its platform. This gives Pi Network’s community more direct access to liquidity.

Advertisement

OKX Expands Pi Network Access

The Times of PI Network shared in a recent X post that OKX has launched the PI/USDC pair on its platform. The launch of the pair is designed to provide stability and ease of use for traders. 

This helps Pi Network tap into one of the most widely used stablecoins in the market. It will also give investors a more reliable entry and exit point. OKX had rolled out 12 other USDC trading pairs, positioning Pi side-by-side with assets such as BTC, ETH, DOGE, and XRP.

Notably, OKX has been a strong backer for the Pi Network since it first listed Pi shortly after the Open Network went live. The exchange also controls a large portion of Pi’s daily trading volume. With this move, the exchange further cements its role in Pi’s market visibility.

This comes after a Pi Network moderator hinted at the possibility of a second mainnet migration in 2025. This raised hopes among Pioneers who are waiting for delayed referral bonuses and unverified balances to be settled. This new OKX pairing could help investors by offering a more stable and liquid market environment.

Advertisement

Pi Price Struggles Amid Thin Liquidity and Growing Exchange Reserves

While the new pair is intended to increase liquidity, Pi Network has continued to struggle with a sharp decline in market activity. According to CoinMarketCap, Pi’s trading volume has plunged from $18 billion in March to just $2.4 billion in July. This represents an 83% drop.

Furthermore, data from PiScan shows that exchange reserves of Pi have risen exponentially since March. The total currently reads 409,332,401. Analysts warn that this trend points to growing selling pressure from traders rather than fresh buying interest.

In other developments to grow its utility,  the Pi Core Team launched the Pi Hackathon. Developers are encouraged to build decentralized applications (dApps) that bring real-world utility to the Pi coin. Participants stand to win up to 160,000 PI in prizes, equivalent to about $60,800.

The community’s reaction to this project has also been conflicting. Some Pioneers criticized the initiative, saying that past events did not lead to significant adoption. Additionally, Pi’s social presence dropped to a weekly low, showing a decrease in visibility on social media.

However, a crypto analyst has projected an upside for the token. They highlighted the $0.60 price level, stating it represents Pi’s strongest resistance. If this barrier is broken, the charts suggest a volume gap above, which could allow Pi’s price to climb more easily. 

Source: X; Pi Coin Price Analysis

 

Advertisement

Share
Michael Adeleke

Michael Adeleke is a passionate crypto journalist known for breaking down complex blockchain concepts and market trends into clear, engaging narratives. He specializes in delivering timely news and sharp market analysis that keeps crypto enthusiasts informed and ahead of the curve. With an engineering background and a degree from the University of Ibadan, Michael brings analytical depth and precision to every piece he writes.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

Just In: Hyperliquid Strategies Eyes $1B Capital Raise, Plans HYPE Token Accumulation

Hyperliquid Strategies has filed with the U.S. SEC to raise up to $1 billion through…

October 23, 2025
  • News

Senators Reaffirm Commitment to Market Structure Bill After Meeting with Coinbase, Ripple

Senate Democrats and Republican lawmakers have ended separate roundtable meetings focused on the Crypto Market…

October 23, 2025
  • News

How the Crypto Market Could React to the Next Fed Meeting on October 29?

The crypto market has, for a while now, been pricing a potential 25 basis points…

October 23, 2025
  • News

$1.68 Trillion T. Rowe Price Files for First Active Crypto ETF Holding BTC, ETH, SOL, and XRP

Rowe Price has filed for its first actively managed crypto exchange-traded fund (ETF). It is…

October 22, 2025
  • News

Standard Chartered Predicts Bitcoin Could Drop Below $100K Amid U.S.–China Trade Tensions

Standard Chartered analyst Geoff Kendrick has predicted that the Bitcoin price could suffer a significant…

October 22, 2025
  • News

Rising Demand for Verifiable Crypto Ownership Drives Launch of Trezor Safe 7

Crypto ownership is a topic that has been discussed across major forums globally in the…

October 22, 2025