OKX, a number one cryptocurrency alternate, has launched a brand new USDC buying and selling pair for Pi Community’s Pi Coin (PI), marking a major enlargement of its market liquidity.
The transfer comes as the value and buying and selling quantity of Pi proceed to say no. This displays the continued market challenges and uncertainty surrounding the challenge.
OKX Introduces Pi Coin’s New USDC Pair Amid Falling Market Curiosity
It’s value noting that OKX was the primary alternate to checklist Pi Coin shortly after its Open Community launch. The alternate additionally dominates the coin’s day by day buying and selling quantity.
Knowledge from CoinMarketCap confirmed that PI’s buying and selling quantity was $54 million at press time, of which 37.2% originated from OKX. Moreover, on August 21, the alternate launched the PI/USDC buying and selling pair.
The transfer goals to boost Pi’s buying and selling alternatives and increase liquidity. It has additionally amplified optimism among the many Pi community group, or Pioneers.
“This new pair brings increased liquidity, increased adoption, and stronger progress to the Pi ecosystem!” a person wrote.
New information up to date $Pi
@PiCoreTeam @nkokkalis @Chengdiao @okx(OKX) has added PI/USDC buying and selling pair as a substitute of simply PI/USDT.
Simply be affected person, after open supply there will likely be Good Contract and Defi.#PiNetwork pic.twitter.com/mka8YYzxas
— 𝕏 FireSide | Pi π (@fireside_pi) August 21, 2025
Nevertheless, this launch coincides with troubling market traits for Pi Community. In accordance with CoinMarketCap, PI’s buying and selling quantity has sharply plunged, dropping from $18 billion in March to $2.6 billion in July.
Pi Coin Month-to-month Buying and selling Quantity. Supply: Knowledge Curated by BeInCrypto
This 85% discount displays waning investor curiosity. Moreover, this pattern is exacerbated by a 50% enhance in alternate reserves since March. BeInCrypto reported beforehand that the reserves reached 409 million PI in August.
The community’s newest launch of the Pi Hackathon 2025 has did not reverse this momentum. In reality, the occasion has attracted substantial criticism from the group.
Furthermore, BeInCrypto highlighted that PI’s social dominance has slipped to a weekly low. It displays a decline within the challenge’s visibility or recognition on social media and on-line platforms.
However the necessary drop is expounded to the value. Even amid a broader bull run, PI has failed to realize momentum. The altcoin is simply 7.7% away from its all-time low of $0.33 recorded on August 6.
On the time of writing, Pi Coin was buying and selling at $0.36, down 0.9% over the previous day. If the present downward pattern continues, it seemingly that PI would return to its ATL or drop even decrease.
Pi Coin Worth Efficiency. Supply: BeInCrypto Markets
Notably, the brand new USDC pair, whereas providing a further liquidity channel, might inadvertently amplify these challenges. Pioneers and buyers had hoped the pairing would entice recent capital and stabilize costs, however the present market dynamics counsel in any other case.
And not using a corresponding enhance in demand, the pair dangers changing into one other avenue for PI to exit the market, turning a strategic transfer into a possible legal responsibility.
The put up OKX Introduces PI/USDC Pair—Will It Enhance Liquidity or Gas Additional Decline? appeared first on BeInCrypto.
