Pi Network (PI) is now live for trading on OKX and Bitget. While some have capitalized on the launch, others are left disappointed.
Others simply refused to sell.
Here’s a breakdown of the biggest winners and losers from Pi’s market debut.
Winner: OKX – The First Mover Advantage
OKX dominated the Pi Network listing news, taking full advantage of being one of the first major exchanges to offer PI trading.
Based on immediate observation, the move most likely increased its media coverage and user engagement. This made OKX as the key crypto exchange for trading Pi. (Read more: Quick Take: OKX to List Pi Network (PI) for Spot Trading)
Loser: Bybit — Refusal to List
Bybit chose not to list Pi, missing a chance to capitalize on trading hype. This naturally pushed Pi people to deposit their tokens to OKX and Bitget.
However, if Bybit CEO Ben Zhou’s stance is to be considered, this decision may have been intentional. Zhou dismissed the idea of listing Pi, comparing it to past forex-related scams where investors demanded refunds. If that would be the case eventually, it would make Bybit a winner after all for not listing a problematic coin. (Read more: Quick Take: Bybit CEO Rejects PI Listing)
Winner: Bitget – Riding Early
Bitget also benefited from early Pi trading by capturing a large portion of the market.
With OKX and Bitget, Pi holders have multiple options to trade, increasing liquidity and market exposure.
Binance held a community vote on whether to list Pi but later confirmed the vote would not impact their decision.
Still a delayed Binance listing could turn out to be a win if it happens in the future. (Read more: Quick Take: Is Binance Listing Pi Network?)
Winner: Sellers – Finally Cashing Out
For years, Pi holders have been waiting for an opportunity to trade their holdings on a real exchange.
Today, those who sold early secured profits. As the saying goes, selling is better than not selling at all.
Loser: Pioneers Waiting for GCV (Global Consensus Value) – A Long Wait Ahead
Some Pi believers have long claimed that the Global Consensus Value (GCV) of Pi should be $314,159 per PI.
With Pi trading far below these expectations, their wait continues with no clear timeline in sight.
Winner: Leverage Traders – Profiting from Volatility
The first-day price swings created opportunities for leverage traders to bet on both the upside and downside of Pi.
With a massive order book imbalance, traders who played the market correctly saw quick gains from the chaos.
Loser: Pioneers with Locked Pi – No Selling Yet
Many Pioneers still cannot access their Pi due to locked wallets, migration delays, or KYC issues.
While others are trading, they are forced to watch from the sidelines, unable to take advantage of the listing.
Winner: Pioneers – The Real Winners
Regardless of price fluctuations, Pioneers who supported Pi from the beginning now have a real-world valuation for their holdings.
Pi Network is officially a tradable asset.
This article is published on BitPinas: Winners and Losers of Pi Network’s Listing on OKX and Bitget
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