Pi Network Gains Swapfone Listing Despite Sluggish Market Performance

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 distributing 200 PI tokens to 10 selected users.

Despite this exchange milestone, Pi Coin continues to lag behind broader market trends. The token remains below $0.50, showing only 6% weekly gains while major altcoins like ethereum and Solana achieve double-digit rallies. Market analysts highlight the disparity between exchange adoption and price momentum.

Swapfone's listing marks gradual progress for the Pi ecosystem, yet concerns remain about the project's ability to leverage current crypto market conditions. The exchange's promotional airdrop aims to engage Pi's mining community in anticipation of its upcoming mainnet launch.