Pi Network’s native coin (PI) is stirring ETF chatter despite its price slipping to around $0.63—an 80% drop from its February peak of $3 post-mainnet launch.
While PI briefly rallied to $0.7860 in a bullish breakout, the momentum faded. Technical analysts now warn of a bearish head-and-shoulders formation, with potential support at $0.6040. A fall below could push PI toward $0.40, while a rebound might target the $1 mark.
Also Read: Binance Faces Backlash Over Pi Network Listing Decision
The Pi community—especially strong in India, Nigeria, and Vietnam—is fueling buzz about a potential Pi Coin ETF. This follows recent Bitcoin and Ethereum ETF approvals and growing talk of an XRP ETF.
However, experts note that regulatory hurdles and low market maturity make an ETF unlikely in the near future. Despite a more crypto-friendly U.S. climate under President Trump, no official plans for a PI ETF have been announced.
