Pi Network (PI) Faces Renewed Scrutiny as Users Report Withdrawal Suspensions on MEXC

Just two months after the highly anticipated mainnet launch of Pi Network on February 20, the project is facing renewed scrutiny as users report withdrawal suspensions

Just two months after the highly anticipated mainnet launch of Pi Network (PI) on February 20, the project is facing renewed scrutiny as users report withdrawal suspensions on major exchanges, with MEXC being a focal point. This development has cast a shadow over what was expected to be a breakthrough moment for the Pi ecosystem.

Pi Network’s mainnet launch was a significant milestone, marking the transition of the project’s token from a test phase to a live blockchain network. This launch was met with anticipation from the vast Pi community, which had been involved in the project’s unique mining program since 2019.

However, the optimism surrounding mainnet launch is now dampened as several Pi Network members claim that they are unable to withdraw their Pi tokens from MEXC. Some users on various forums and social media groups report encountering issues with token withdrawal on the exchange.

“Is it true that we can’t withdraw Pi on MEXC? I’ve been having issues since yesterday,” one user asked on a popular cryptocurrency group on Telegram.

Another user added: “Yes, they have suspended Pi withdrawals.”

A screenshot circulating on social media shows a message from MEXC’s support team member confirming the suspension of Pi withdrawals on the platform.

“Currently, Pi token withdrawal is not available on MEXC,” the email reads.

“We are working closely with the Pi Network team to ensure the smoothest integration and best user experience for Pi token on MEXC.”

Meanwhile, Pi Network holders are now turning their attention to other exchanges like OKX and Bitget, inquiring if withdrawals remain functional there. So far, no formal issues have been reported from those platforms, but the community remains vigilant.

Technical Outlook: Will Pi Reclaim $1?According to recent analysis by PointCharts, Pi recently failed a breakout attempt from a symmetrical triangle, leading to a short-term drop.

If Pi can recover and reclaim the $0.85 level, analysts believe that a rally toward $0.89-$0.91 is still possible. However, a break below $0.83 could trigger a further fall toward the critical support at $0.80.

At the time of writing, Pi is trading at $0.63.

Market uncertainty and cautious trading behavior continue to influence Pi’s chart movements, with many waiting to see if the coin can regain momentum or slip further into decline.

Looking Ahead: Utility vs. Market Pressure

Pi Network is known for its growing ecosystem, which includes a Telegram wallet, upcoming decentralized applications (dApps), and ongoing community engagement. These factors suggest a project with long-term vision.

However, questions remain about exchange compliance, liquidity, and the coin’s ability to gain real-world traction, especially with broader user adoption.

Moreover, the inability to withdraw Pi tokens from certain exchanges raises concerns about whether the broader market—and regulators—view Pi as a fully operational asset or still a work in progress.

Despite the roadblocks, the Pi community remains optimistic. Supporters are hopeful that new use cases, improved accessibility, and expanding exchange partnerships could eventually push Pi back above the $1 threshold.