Binance Snubs Pi Network in Latest Listing Round — Here’s Why It Didn’t Make the Cut

Updated

April 4, 2025

Gambar Binance Snubs Pi Network in Latest Listing Round — Here’s Why It Didn’t Make the Cut

Jakarta, Pintu News – Pi Network was once again not shortlisted in Binance’s “Vote to List” initiative, which allows users to vote for cryptocurrencies to be listed. This decision has led to various speculations and expectations among Pi Network fans.

What exactly is going on?

Pi Network’s Repeated Rejection by Binance

binance vote list pi network — Source: Binance

Binance has announced the list of tokens to be considered in its latest “Vote to List” initiative, but Pi Network (PI) is not included in the list. This is the second time Pi Network has been ignored by Binance in this program.

In the announcement, the selected tokens include Virtuals Protocol , BIGTIME, UXLINK, MORPHO, Grass , Aethir , WAL, SAFE, ZETA, Story (IP), Ondo , and PLUME. While the first focuses on memecoins, the second iteration highlights utility tokens that cross multiple verticals.

Binance stated that only projects based on Binance Coin would be considered, which automatically eliminated Pi Network from participation. This decision has disappointed many Pi Network fans who have been waiting for this token to be listed on one of the largest exchanges in the world.

Although Pi Network has been successfully listed on the BTCC Exchange, the failure to make it to Binance raises questions about the future of this token in the mainstream market. Pi Network still has the opportunity to be listed directly by Binance in the future, however no timetable has been set for this.

Transparency and Compliance as Constraints

One of the main reasons Binance is reluctant to list Pi Network is the lack of transparency from the PiCoreTeam (PCT) team. Binance and some experts in the industry have criticized PCT for not providing enough disclosure regarding the token locking and burning mechanism.

Bybit’s CEO, Ben Zhou, even called the project a scam. These criticisms added to the doubts among investors and may have influenced Binance’s decision not to include Pi Network in their listing selection program.

In addition, Pi Network has experienced a significant price drop, with the token value dropping by more than 75% from its highest peak. This drop indicates a less than positive market reaction to Pi Network’s recent developments.

Price Analysis and Future Outlook

$PI locked inside a falling wedge in 2hr chart — a classic pattern known for potential bullish breakouts!

Price is hugging the lower boundary of the wedge, showing signs of possible exhaustion in the downtrend. If bulls step in and break above the wedge resistance, we could see… pic.twitter.com/tTLL1ViRJr
— Crypto Sat (@cryptosatred) April 3, 2025

On April 3, 2025, Pi Network was briefly trading around $0.64, showing a 6.5% drop in a day. The token also showed a 25% drop in the past week. Despite the decline, technical analysis suggests that Pi may be forming a bullish reversal pattern.

If the price can break above $0.68, it could trigger an upside movement. However, indicators such as the Relative Strength Index (RSI) which is near oversold territory and the Bollinger Bands which show high volatility, suggest that there could be a price recovery if buyers can take control.

However, investors are advised to look for confirmation through volume and a sustained close above the resistance level before making an investment decision.

Overall, although Pi Network is facing challenges in its listing efforts on Binance, there is still hope among the community that the situation may change.

Going forward, Pi Network needs to improve transparency and meet compliance standards to gain more trust from exchanges and investors.

That’s the latest information about crypto news today. Get more information about crypto academy from beginner to expert level only at Pintu Academy and enrich your knowledge about the world of crypto and blockchain.

Follow us on Google News to get the latest information about crypto and blockchain technology. Enjoy an easy and secure crypto trading experience by downloading Pintu Crypto via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Click Register Pintu if you don’t have an account or click Login Pintu if you are already registered.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference: