Pi Network’s $PI Token Launches on Swapfone Exchange Despite Tepid Market Response

Pi Network's native token $PI has been listed on Swapfone, a mobile-centric cryptocurrency exchange. Trading for the $PI/$USDS pair began at 14:00 UTC on July 22, alongside an airdrop campaign that will reward 10 users with 200 PI tokens each.

Despite the new listing, Pi Coin's price remains stagnant below $0.50, showing little reaction to the news. The token's 6% weekly gain lags behind the double-digit surges seen in major altcoins like Ethereum, XRP, and solana during the current market rally.

Analysts note that Pi Network has decoupled from broader crypto market trends since May, with its prolonged mainnet development and limited exchange access potentially contributing to its lackluster performance. The Swapfone listing represents another incremental step in Pi's gradual expansion beyond its native ecosystem.