If you’ve been following crypto, chances are you’ve caught wind recently of pi coin news making rounds. PI has been living in a mix of hype, skepticism, and real developments lately. In this article, I’ll walk you through the most recent updates for Pi Network in 2025 what’s happening on DEX, listing issues, community sentiment, risks, and what I personally expect to see next.
What’s New in Pi Coin Land
DEX / AMM Testnets Go Live — A Long-Awaited Step
One of the biggest recent headlines is Pi’s rollout of DEX (decentralized exchange) and AMM (automated market maker) testnets. This is a meaningful shift: up until now, much of PI’s value was speculation or promise, not real on-chain utility.
From what I’ve seen, the Pi Core Team is positioning these features as core components of its upcoming ecosystem. The idea: give PI holders real trading, liquidity pools, and token swaps right inside the Pi wallet.
CoinGape notes that the DEX/AMM launch boosts utility hopes, and combined with the Q4 2025 “Protocol 23” upgrade, many are expecting performance improvements too.
Still, as always, a testnet is not a guarantee of success but it’s a step in the direction many users and observers have been waiting for.
Price Pressure & Token Unlock Worries
Even though there’s fresh optimism, PI’s price continues to deal with heavy headwinds.
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PI has fallen over 90% from its all-time high. It’s currently hovering around $0.21 support.
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The Valor Pi ETP (an exchange-traded product) has drawn just ~$3,000 in assets—suggesting weak institutional interest at this stage. crypto.news
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Some community members have raised red flags over large token unlocks from foundation wallets, which could flood supply and depress price.
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CZ (former Binance CEO) recently dropped remarks alluding to why PI still hasn’t been listed on Binance: he emphasized that strong projects earn listings through fundamentals, not marketing.
So yes—while the DEX/AMM news is exciting, too many structural risks lurk in the background.
Community Reactions & Developer Moves
Reddit & Social Chatter
I often check Reddit’s r/PiNetwork and other crypto forums. Lately:
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Many users are cautiously optimistic about the DEX/AMM testnets. Some say, “Finally, we can do something more than just hold PI.”
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Others express frustration waiting years, yet still no major exchange listing in place.
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A few threads question whether PI is becoming just another “long-term promise coin.”
In short: enthusiasm is there, but patience is wearing thin.
Developer Activity & Ecosystem Hints
There are murmurs of growth behind the scenes:
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Pi’s team has framed DEX/AMM as “ambitious updates … one of the most important” for Pioneers (the user community). CryptoPotato
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Some analysts and commentators argue that if Protocol 23 (the Q4 upgrade) delivers scalability, it might reignite developer interest.
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A community-led push is reportedly underway to buy back ~417 million PI tokens to reduce circulating supply. Brave New Coin
That last bit is particularly interesting—if the community can genuinely pull it off, it would mark a unique self-driven tokenomics move.
Analysis: What’s Working, What’s Risky
What Could Work in PI’s Favor
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Utility growth: If the DEX/AMM tools gain traction, PI becomes more than a speculative token. That could anchor value.
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Good upgrade execution: Protocol 23, if well built, could improve performance and instill more confidence.
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Exchange listings: If PI gets listed on a major exchange, liquidity and visibility could surge.
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Community & developer support: Pi’s large user base is an asset if well engaged, it can push adoption.
Key Risks & Headwinds
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Weak institutional interest: The Valor ETP’s lackluster inflows show how tough it is to draw serious money in now.
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Flooding supply: Token unlocks (especially from foundation wallets) risk harming markets if not managed carefully.
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Lack of major exchange listing: Even with momentum, many top platforms are still ignoring PI.
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Execution delays or bugs: DEX/AMM features must work well or else trust erodes further.
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Macro crypto downturns: Altcoins tend to bleed in broad market dips, and PI is especially vulnerable.
Personally, I believe PI is at a “make-or-break” stage: either it converts promise into real usage, or it risks sliding further into speculative territory.
What I’m Watching Closely
Here are the key signals I’m monitoring (and you should, too):
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Which exchanges (if any) agree to list PI.
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User adoption on DEX/AMM (volume, swap activity, liquidity).
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How smooth Protocol 23 rollout is.
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The community buyback’s impact (if it happens).
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Macro crypto trends if a bull run returns, PI could ride the wave.
Frequently Asked Questions (FAQ)
Q: Why is PI still not listed on big exchanges like Binance?
According to CZ’s recent comments, exchanges emphasize fundamentals product strength, transparency, regulatory clarity, etc.—rather than paying for listings. PI is seen by some as not yet meeting those standards. InvestX
Q: Does the DEX / AMM testnet guarantee PI will succeed?
No. Testnets are experimental. They show intention, not guarantee. The utility and adoption in real-world use will decide long-term success.
Q: Is the community buyback real or hype?
It seems partially real reports mention ~417 million PI tokens but scaling that across markets is challenging. Execution, timing, and funding all matter a lot.
Q: Could PI’s price collapse further in 2025?
Yes it’s possible. Weak uptake, heavy token dumps, or macro crypto crashes could push PI much lower. The downside risk is real.
Q: What is Protocol 23 and why is it important?
Protocol 23 is an upcoming network upgrade slated for Q4 2025. It aims to improve scalability and performance critical if PI wants to support real DeFi apps and users.
Q: Where can I follow live Pi coin news & updates?
Check official Pi community channels, Reddit (r/PiNetwork), and crypto news sites like CoinCentral or CoinGape for up-to-date coverage.
Final Thoughts & Balanced Outlook
Pi’s 2025 story is a mix of hope, skepticism, and pending execution. pi coin news now revolves less around marketing and hype, and more around real functionality and risk management.
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The DEX and AMM launch gives PI new life, moving it toward utility rather than mere speculation.
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But so many doubts remain token unlocks, weak institutional attraction, and listing reluctance loom large.
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If everything aligns the upgrades go smoothly, adoption picks up, and exchanges open doors then PI might see meaningful growth.
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If not, it could languish or even decline further.
My personal take? I lean toward cautious optimism. I wouldn’t assume a moonshot just yet, but I do believe PI has a shot at recovering if it executes well. I’m actively watching the coming months as crucial inflection points approach.
If you want, I can also draft a “Pi Coin price prediction 2025/2026” follow-up post or compare PI with other emerging altcoins. Just say the word.
Written by Abdullah from TechBuffer — exploring the latest in crypto, AI, and digital tech.
Internal link idea: check my post on “altcoins to watch in 2025” on TechBuffer.
External source: CoinCentral’s coverage of Pi’s DEX/AMM launch