PI Isn’t Listed Yet** – You can’t trade PI Coin on big exchanges like Binance or Coinbase

 

**As of June 2024 (my latest update), PI Network is still in its enclosed mainnet phase, meaning PI Coin has no official market value on major exchanges.** Any recent "price movements" (like a supposed 10% drop) are based on **IOU trading** ("I Owe You") on unofficial platforms—these carry high risks and don’t reflect PI’s real valuation.  

### Key Things to Know:  

1. **PI Isn’t Listed Yet** – You can’t trade PI Coin on big exchanges like Binance or Coinbase. The project is still in development, and the core team hasn’t approved any trading.  

2. **IOU Markets Are Unreliable** – Prices on pre-listing platforms (e.g., BitMart, HTX, or P2P networks) are speculative and easily manipulated. A 10% swing in such a thin market isn’t unusual.  

3. **Will PI Hit $0.60?** – If it ever lists officially, its price will depend on:  

   - **Real-World Use**: Does PI actually solve problems or gain adoption?  

   - **Exchange Support**: Listings on major platforms would boost liquidity.  

   - **Crypto Market Trends**: Bitcoin’s performance could influence PI.  

   - **Tokenomics**: Supply distribution and release schedules matter.  

4. **Pre-Market Trading Risks** – Many IOU traders have been scammed or left with worthless claims if PI never launches properly.  

### The Bottom Line:  

Until PI Network fully launches its open mainnet and gets listed on real exchanges, any price talk is just speculation. If you’re holding PI, keep an eye on **official updates from the PI Core Team**—only after a legitimate listing can we gauge whether $0.60 (or any price) is realistic.