Fact Check: CEX exchange will list Pi Network on August 15, is there Pi coin activity in the Hot Wallet?

The Pi Network (PI) community has once again been flooded with various rumors, this time focusing on the possibility of landing on CEX exchange on August 15. Social media is filled with various posts and screenshots claiming that CEX is preparing to launch Pi coin. Some users have reported noticing unusual Pi coin activity in the CEX Hot Wallet, suggesting that something significant is about to happen.

Today (28th) in the European morning, the price of Pi coin is reported at 0.4466 USD.

(Source: Gate)

Community Hype vs Reality

Supporters of Pi compared this to the situation before the previous round of CEX exchanges went live with Pi coin. At that time, similar early rumors also surfaced, and then, suddenly, the launch of Pi coin became a reality.

This is why users now hope that the new round of CEX listings can also follow suit. Some predict that if the CEX makes an unexpected announcement, the price will skyrocket by 100% to 300%.

CEX listing has not been officially confirmed

Despite the market's excitement, CEX has not made any official comments regarding the listing of Pi coin. However, it is reported that CEX has now added an option in the Pi Wallet through Onramper. While this has raised some questions, it is important to note that Onramper is a third-party payment gateway and does not represent CEX's internal listing plans.

Transparency Issues

The famous analyst Dr. Altcoin also shared his views. He explained that any top exchange must complete the KYB (Know Your Business) process required by the Pi Network before officially listing Pi coin. This is no easy task for CEX giants.

Bigger issues? The Pi Network has yet to release a complete tokenomics and has not clarified the roadmap after the mainnet launch. This lack of transparency is a red flag for major platforms.

So, will CEX launch Pi on August 15?

As of now, the answer seems to be negative. Although the community is still speculating and hoping, there is currently no conclusive evidence or official news to support this rumor.

Despite the uncertainty, the daily trading volume of PI coin on exchanges like Gate has exceeded 100 million USD. These platforms have completed the KYB requirements for PI coin and have started offering unofficial trading pairs.