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Pi network liquidity is under renewed scrutiny as OKX launches a PI/USDC trading pair to stabilize the token amid an 83% plunge in market activity, offering traders a reliable gateway to buy and sell while the network works to regain confidence.
In a bold attempt to restore confidence, OKX has paired Pi with USDC, one of the most trusted stablecoins in crypto.
This step is expected to offer traders a stable entry and exit point while addressing growing concerns about the health of Pi network liquidity.
OKX has long been a lifeline for Pi Network, becoming one of the first major exchanges to support Pi shortly after its Open Mainnet launch.
The addition of the PI/USDC pair is more than a technical update — it’s a calculated effort to safeguard Pi network liquidity and provide users with reliable tools to navigate market turbulence.
“Pairing with USDC gives Pi traders more certainty in execution, which can help reduce volatility and increase confidence in the market,” said Lennix Lai, Global Chief Commercial Officer at OKX, in a press note.
This development comes as Pi Network faces a crucial turning point. A stronger liquidity backbone could prevent further erosion of investor sentiment, particularly at a time when fresh buying interest has thinned dramatically.
According to CoinMarketCap, Pi’s trading volume plummeted from a staggering $18 billion in March 2025 to just $2.4 billion in July 2025 — an 83% nosedive.
Adding to the challenge, PiScan data shows exchange reserves of Pi tokens have surged past 400 million, signaling sustained selling pressure.
When reserves rise while volumes drop, it often suggests liquidity is drying up and sellers outnumber buyers — a red flag for any project.
As market analyst Michael van de Poppe noted on X (formerly Twitter), “Liquidity is the lifeblood of crypto projects. If Pi Network can’t stabilize trading flows, it risks falling behind competitors despite its huge community base.”
This paints a stark picture: without meaningful intervention, Pi network liquidity risks spiraling into a deeper crisis.
Stablecoin pairing: Can it rescue Pi network liquidity?
The introduction of the PI/USDC pair is expected to provide traders with a more dependable market environment, giving them access to the stability of a dollar-pegged asset. In theory, this should help dampen wild price swings and restore some balance.
“Stablecoins like USDC act as a safe haven during volatile times,” explained Clara Medalie, Research Director at Kaiko.
“By linking Pi to USDC, OKX is sending a signal of market maturity and offering much-needed liquidity support.”
Still, skeptics argue the move may not be enough to fully revive Pi network liquidity without stronger fundamentals or fresh utility for the token.
OKX’s strategic role in Pi’s future
OKX’s influence on Pi Network cannot be overstated. With its global reach and deep liquidity pools, the exchange is critical in shaping how Pi is perceived in wider markets.
By doubling down on support, OKX positions itself as both a gatekeeper and an enabler of Pi’s next growth phase.
The move also signals to traders that exchanges remain committed to Pi despite its market downturn.
This confidence-building measure could be essential in maintaining Pi’s foothold during one of its toughest periods yet.
For Pi Network, the battle is far from over. While OKX’s stablecoin pairing is a step in the right direction, the network must now prove it can generate real-world utility and sustain investor interest.
Liquidity interventions may buy time, but long-term survival will hinge on adoption, partnerships, and consistent demand.
If successful, the PI/USDC pair could mark a turning point in stabilizing Pi network liquidity. If not, it risks being remembered as a short-term patch on deeper structural issues.
As crypto markets brace for the next wave of volatility, all eyes remain fixed on Pi’s liquidity journey.
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