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Just two months after the highly anticipated mainnet launch of Pi Network on February 20, the project is facing renewed scrutiny as users report withdrawal suspensions on major exchanges, mostly MEXC. This development has cast a shadow over what was expected to be a breakthrough moment for the Pi ecosystem.
Users across various forums and social media platforms claim they are unable to withdraw their Pi tokens from MEXC, raising concerns about liquidity and accessibility. Meanwhile, Pi holders are now turning their attention to other exchanges like OKX and Bitget, eager to know if withdrawals remain functional there. So far, no formal issues have been reported from those platforms, but the community remains on alert.
Technical Outlook: Will Pi Reclaim $1?
According to recent analysis, Pi recently failed a breakout attempt from a symmetrical triangle, causing a short-term drop. Analysts believe that if Pi can recover and reclaim $0.85, a rally toward $0.89–$0.91 is still possible. However, a break below $0.83 could trigger a further fall toward the critical support at $0.80. At the time of writing, Pi is trading at $0.63.
Market uncertainty and cautious trading behavior continue to dominate Pi’s chart movements, with many waiting to see if the coin can regain momentum or slip further into decline.
Looking Ahead: Utility vs. Market Pressure
Pi Network’s core strength lies in its growing ecosystem. The Telegram wallet, upcoming decentralized applications (dApps), and ongoing community engagement all point to a project with long-term vision. But questions remain about exchange compliance, liquidity, and the coin’s ability to gain real-world traction.
Moreover, the inability to withdraw Pi tokens from certain exchanges raises concerns about whether the broader market—and regulators—view Pi as a fully operational asset or still a work in progress.
Despite the roadblocks, the Pi community remains optimistic. Supporters are hopeful that new use cases, improved accessibility, and expanding exchange partnerships could eventually push Pi back above the $1 threshold.