#pinetwork
Pi Network's native token, PI, has been integrated into Telegram, the widely used messaging application. Users can now hold, buy, and store PI tokens within the Telegram wallet. However, functionalities such as sending, withdrawing, or receiving PI through the app are not yet available. This integration was highlighted by Pi News, a prominent account associated with Pi Network, though official confirmation from the project's main channels is pending. Numerous users have shared screenshots showcasing their PI holdings within Telegram's wallet.
The official Pi Network X (formerly Twitter) account announced incentives for developers. Community apps that adhere to listing guidelines and complete the PiNet migration by May 28, 2025, can secure their domains without bidding, subject to specific requirements and restrictions. This extension aims to accommodate developers who missed the initial migration window. Developers are encouraged to register URLs, set display preferences for optimal user experience, and make their apps accessible to non-Pi users.
PI Token Price Dynamics
The PI token has faced a significant downturn, plummeting approximately 74% from its February high of $2.99 to around $0.84. Factors contributing to this decline include the absence of listings on major exchanges like Binance and Coinbase, leading to reduced accessibility and demand. Additionally, concerns about tokenomics and impending token unlocks have intensified selling pressure. Despite these challenges, some analysts foresee a potential rebound, citing technical patterns and increased accumulation by certain investors.
Exchange Listing Speculations
There are circulating reports suggesting that Binance has declined to list PI Coin, allegedly due to concerns about centralization and the status of Pi Network's mainnet. However, without an official statement from Binance, these claims remain speculative. The Pi Network community continues to advocate for broader exchange support to enhance the token's liquidity and adoption.