Pi Network Faces Bearish Market Despite Hackathons
- Pi Network remains bearish amid hackathons and Binance rumors.
- Price faced pressure due to supply concerns.
- No official confirmation on Binance listing yet.
Pi Network faces bearish pressure as it trades near $0.35, while rumors about a potential Binance listing remain unconfirmed ahead of an upcoming hackathon event on August 19-22, 2025.
The hackathon focuses on ecosystem growth amid rising speculation, but supply inflation concerns and unverified exchange listings contribute to uncertain market sentiment.
Pi Network’s price remains under bearish pressure, trading near $0.35 despite hackathon events and rumors of a Binance listing, as of August 20, 2025.
The Pi Network’s hackathons and developer incentives could enhance ecosystem growth, but price pressure is likely to persist amid token supply inflation concerns.
Hackathon Opens Doors with 75,000 PI in Prizes
Pi Network recently announced a hackathon from August 19–22, 2025, offering 75,000 PI in prizes. Intense speculation surrounds a possible Binance listing but remains unconfirmed by project leaders. The Pi Network team emphasizes growth through utility, not speculation.
While no official stance on Binance rumors has been shared, the core team and community are focused on hackathon outcomes and technological upgrades. Community discussions highlight concerns about token inflation effects on pricing stability.
“We’re excited to see what developers build at the 2025 Hackathon; utility growth is the key to our next phase.” — Dr. Nicolas Kokkalis, Founder, Pi Network
Unconfirmed Binance Listing Keeps Market Guessing
Market analysts note that Pi’s price pressure stems from substantial token unlocks increasing supply levels, potentially influencing Pi’s valuation negatively. Hackathons are viewed as drivers for potential dApp creation and growth.
The cryptocurrency community remains skeptical about exchange listings, impacting short-term market sentiment. Without confirmed exchange support, Pi seems focused on ecosystem development through developer engagement instead of immediate market gains.
Past Events Show Limited Long-Term Influence
In past instances like the Pi2Day event, short-lived price rallies were observed but had minimal long-term impact due to persistent utility and supply issues. Similar outcomes may transpire without significant exchange support.
Based on previous hackathons, the current initiative might not yield long-lasting price spikes but could bolster developer interest. Industry experts stress the need for real-world application to sustain Pi’s ecosystem growth.
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