Could a Coinbase Listing Turn Pi’s Hopes Into Reality?

Pi Network’s potential listing on Coinbase has gained renewed attention following statements from Pi Barter Mall, a 2021 Pi Network Hackathon winner. In a recent post on X, Pi Barter Mall suggested that a listing on the major U.S.-based exchange could be on the horizon, fueling optimism among Pi’s large and active community. This speculation is compounded by the recent completion of 90% of the Pi Network’s open-source transition, raising expectations that the full launch could occur by September 2025. However, no official confirmation has been provided by the Pi Core Team or Coinbase at this stage [3].

The idea of a Coinbase listing is particularly significant given the platform’s prominence in the cryptocurrency market and its influence on investor confidence. The potential listing was further speculated after Coinbase’s Chief Legal Officer, Paul Grewal, posted a Pi Day message in March 2025, which many interpreted as a subtle endorsement. Analysts have suggested that a listing on Coinbase could provide Pi with greater liquidity and broader market exposure, which may help stabilize its price and attract institutional attention [3].

Currently, Pi tokens are available on several platforms, including OKX, Swapfone, and CoinUp.io, with the most active trading pair being PI/USDT on OKX. The 24-hour trading volume for Pi has, however, dropped by 36.20% compared to the previous day, indicating a recent decline in market activity [2]. The token’s circulating supply stands at approximately 7.9 billion tokens, with a market cap of BTC24,324.1630 and a fully diluted valuation of BTC37,421.7892, assuming the maximum supply of 100 billion tokens is in circulation [2].

Despite recent positive developments, Pi Network has faced criticism over its delays in achieving key milestones. The open-source transition, for example, has been a long-awaited step for the project to gain legitimacy in the blockchain space. While 90% of the codebase has been completed, the core protocol remains closed. Community moderators have suggested that the open-source launch could occur before the end of 2025, but the Core Team has not confirmed a specific timeline [3].

Another challenge for Pi Network has been its price performance. After reaching a high of BTC0.00003504, the token has experienced a significant decline, currently trading at BTC0.052954—a drop of 88.60% from its peak. This has led to increased skepticism among investors, with some analysts warning that Pi may struggle to compete with more established blockchains that offer faster transactions, robust ecosystems, and broader adoption [4].

The potential Coinbase listing, coupled with the progress on open-source code, could serve as a turning point for Pi Network. If the project manages to deliver on these promises, it may gain the trust of the broader crypto community and institutional investors. However, until these developments are confirmed and executed, the future of Pi remains uncertain [3].

Source: [1] "Pi Coin is dead" : r/PiNetwork (https://www.reddit.com/r/PiNetwork/comments/1n0ta93/pi_coin_is_dead/) [2] Pi Network Price: PI Live Price Chart, Market Cap & News ... (https://www.coingecko.com/en/coins/pi-network) [3] Pi Network Hackathon Winner Hints at Coinbase Listing ... (https://coingape.com/pi-network-hackathon-winner-hints-at-coinbase-listing-amid-pi-open-source-transition/) [4] PI Network: The Alarming Signs That This Crypto May ... (https://coindoo.com/pi-network-the-alarming-signs-that-this-crypto-may-have-no-future/)