Pi Network Stagnates: Banxa’s $19M Liquidity Injection Fails to Spark Rally—What’s the Exit Strategy?

Another day, another crypto project failing to move the needle despite a cash infusion that would make a traditional banker blush.

Banxa’s $19M lifeline to Pi Network did exactly nothing for its price—surprise, surprise. Liquidity boosts are supposed to grease the wheels, but here we are: watching digital paint dry.

So what’s next for Pi? The usual suspects: vague roadmap promises, influencer hype cycles, and maybe—just maybe—a desperate pivot to DeFi. Because nothing solves a liquidity problem like layering on more speculative financial instruments.

Meanwhile, retail bagholders check their wallets for the 100th time today. Some things never change in crypto—especially the hopium supply.

The Pi Network has been making headlines lately, but its price action isn’t living up to the hype. After briefly surging from $0.49 on June 22 to $0.64 on June 26, Pi Coin has slipped over 2% and is currently trading around $0.53.

This jump came after the platform’s Pi2Day announcement and a new Generative AI feature integration. While many expected this news to fuel a stronger rally, the excitement quickly faded. 

Firstly, the broader crypto market remains volatile, with traders hesitant to dive into altcoins unless there’s clear momentum. Secondly, while AI partnerships sound futuristic, investors want to see how these technologies will offer real, day-to-day benefits for Pi users, and so far, those details remain unclear.

The PI community is large and passionate, but mixed opinions about the AI announcement’s actual value are creating uncertainty.

On the brighter side, Pi Network recently partnered with Banxa and Onramper, two global fiat-to-crypto platforms. Banxa now allows users in over 100 countries to buy Pi directly using traditional payment methods like credit cards, bank transfers, and Apple Pay. It also lets users sell Pi for fiat, making it easier to convert digital coins into real-world money. Banxa bought over 30.5 million Pi Coins (worth around $19 million) to boost liquidity for the network.

Pi Network has partenered with Onramper and Banxa.

Onramper and Banxa are fiat-to-crypto on-ramp services that facilitate the purchase and sale of cryptocurrencies, including Pi Coin, for Pi Network users. Below is an overview of their uses for the Pi Network based on available… pic.twitter.com/IORog9HERX

Onramper, meanwhile, acts as an aggregator, giving users multiple on-ramp options to buy Pi through various providers, including Banxa itself.

The market might see a small bounce upwards, followed by another dip before making a bigger MOVE to the upside. The overall trend hints that Pi Coin could soon enter a key price area that might trigger its next rally.