Pi Network Extends .pi Auction Deadline, PI Token Slumps
Pi Network has extended its .pi domain auction deadline to September 30, 2025, granting pioneers extra time to develop and bid for personalized Web3 identifiers similar to ENS (.eth) and BNS (.bnb). The .pi Domains enable users to replace long wallet addresses with human-readable names, enhancing PI wallet functionality. The extension, consistent with Pi Network’s history of delays, has sparked community skepticism. Meanwhile, the PI token has plunged to a record low of $0.33, pressured by broad market corrections, ongoing PI token unlocks, and waning investor interest. Rumors of a Binance listing in mid-August could boost liquidity and visibility, but no official confirmation has been made. PI is currently tradable on Gate.io, Bitget, OKX, and other exchanges.
Bearish
The extension of the .pi domain auction deadline highlights Pi Network’s recurring delays, undermining community trust and diminishing market confidence. Coupled with the PI token’s slump to an all-time low amid marketwide corrections and token unlocks, the overall sentiment remains negative. Although rumors of a Binance listing offer a potential catalyst, the lack of official confirmation limits immediate upside. Historically, repeated project delays often trigger sell-offs as traders lose patience, suggesting continued bearish pressure in the short term. Long-term recovery will depend on confirmed exchange listings and tangible ecosystem developments, but for now, traders should expect subdued volatility with a bearish bias.