Pi Network (PI) has rolled out a significant update to its wallet application, introducing a new "BUY" button that enables direct fiat purchases of PI tokens through integrated services like Onramper and Banxa. The update supports global bank payments via credit cards, Apple Pay, and Google Pay, while adding dedicated buttons for exchanges and free mining options. According to the Pi News channel on X, this enhancement will soon allow direct exchange access from within the wallet interface.
These developments aim to accelerate real-world utility during Pi Network's second migration phase, complementing existing ecosystem features like the Pi Browser (a decentralized web platform) and Pi App Studio (a no-code dApp builder launched during Pi2Day 2025). However, PI faces significant bearish pressures: exchange balances recently hit a record 401.7 million tokens—with 50% concentrated on Gate.io—while approximately 170 million additional PI will unlock within the next 30 days, potentially increasing selling pressure.
Currently priced at $0.44 (down 85% from February's $3 all-time high), PI's outlook remains divided. Analysts like MOON JEFF project a potential rally to $1, citing growing utility, while others warn of a drop toward $0.40 due to low liquidity, excessive unlocks, and the absence of a developer narrative. Speculation about a Binance listing persists after a supportive February community vote, though skeptics highlight unresolved hurdles including incomplete open-sourcing of blockchain code and lack of third-party security audits.