OKX Unveils PI/USDC Pair: Market Savior or Failure?

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OKX Introduces PI/USDC Pair—Will It Boost Liquidity or Fuel Further Decline?

The prominent digital currency platform, OKX, recently launched a new trading pair for the Pi Coin (PI) using USD Coin (USDC). This move signifies a substantial increase in the coin’s market liquidity.

The decision was made due to a persistent drop in Pi’s price and trading activity, which mirrors the ongoing difficulties and ambiguity facing the project in the current market conditions.

OKX Introduces Pi Coin’s New USDC Pair Amid Falling Market Interest 

As an analyst, I’d like to bring your attention to the fact that I was one of the first platforms to list Pi Coin following its Open Network debut. Notably, our platform has a significant influence on the coin’s daily trading volume, reflecting its prominence within our exchange ecosystem.

At the current moment, according to data from CoinMarketCap, Pi’s trading volume amounted to approximately $54 million. Notably, about 37.2% of this came from OKX. On August 21, OKX announced the introduction of a new trading pair for Pi and US Dollar Coin (USDC).

The action is intended to expand Pi’s trading possibilities and increase liquidity. This development has sparked increased optimism within the Pi network community, commonly known as Pioneers.

With this latest addition, we see an improvement in liquidity, increased adoption, and robust expansion within the Pi network!

The PiCoreTeam, nkokkalis, Chengdiao, and OKX (OKX) have introduced a new trading pair for Pi: PI/USDC instead of the previous PI/USDT. Be patient as we’re working on open-source Smart Contracts and DeFi integration for Pi Network. #PiNetwork

— 𝕏 FireSide | Pi π (@fireside_pi) August 21, 2025

Meanwhile, it’s worth noting that the Pi Network launch comes amidst concerning market movements for Pi Coin. As reported by CoinMarketCap, the trading volume of Pi has significantly decreased, falling from approximately $18 billion in March down to around $2.6 billion in July.

This significant drop of 85% indicates decreasing investor enthusiasm. Moreover, this downward trajectory is intensified by a rise of 50% in stored assets on exchanges since March. As BeInCrypto mentioned earlier, these reserves surged to approximately 409 million PI in August.

The most recent introduction of the Pi Hackathon 2025 by the network hasn’t managed to stop the ongoing trend. On the contrary, it has faced significant backlash and criticism from the community.

Furthermore, as reported by BeInCrypto, the social influence of PI has reached a new weekly low. This suggests a decrease in the project’s prominence or appeal within social media and digital communities.

However, it’s crucial to focus on the price trend. Despite the overall upward market movement, the price increase for this particular cryptocurrency (PI) has been sluggish. At present, it is only 7.7% above its all-time low of $0.33, which was recorded on August 6.

As we speak, Pi Coin is being traded at around $0.36, marking a decrease of 0.9% over the last 24 hours. If this downward pattern persists, there’s a strong possibility that Pi’s price could revisit its all-time low or potentially drop further.

Significantly, the introduction of the new USDC pair could potentially provide an extra avenue for liquidity, yet it might unintentionally exacerbate existing issues. Initially, proponents and investors envisioned this pairing would draw in new investment and help maintain stable prices; however, the present market conditions seem to contradict this expectation.

As an analyst, I might express this statement more conversely as follows: If supply exceeds demand, our strategy could unwittingly offer Private Investors (PI) an opportunity to depart the market, potentially transforming what was initially a smart move into a financial risk for us.

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2025-08-22 08:52