Pi Coin’s turbulent journey continues, with its price tumbling from a recent high of $2.98 to a mere $0.63, reflecting a sharp 11% daily drop and mounting investor frustration. A key reason for the altcoin’s volatility, experts say, is its absence from major exchanges like Binance and Coinbase.
In a recent report by Bao Moi, Vietnamese blockchain expert Nguyễn Hà Minh Thông, founder of Cabo Capital, broke down why Binance might never list Pi Coin, despite growing community demand.
Key Barriers to Binance Listing
1. Limited Open Market Activity
Although Pi Network’s mainnet went live in late 2024, it remains in an “enclosed network” phase. Transactions are restricted to Pi’s internal ecosystem, limiting external liquidity. Binance typically lists projects with fully public, decentralized blockchains to ensure transparency and free-market price discovery.
2. Unclear Tokenomics
Pi Coin reportedly has a total supply of 100 billion tokens, yet only 6.8 billion are circulating. Additionally, the Pi Core Team recently removed 10 million tokens without clear justification, raising red flags about potential supply manipulation. Binance demands full clarity in token distribution before listing.
3. Regulatory Concerns
As Binance faces regulatory scrutiny worldwide, particularly in the U.S., listing unregulated or legally ambiguous tokens is a major risk. Pi Network remains unlicensed by any global financial authority, and in countries like Vietnam and China, it faces classification as a multi-level marketing scheme.
4. Lack of Liquidity and Market Depth
Pi Coin currently trades via OTC channels like Telegram and smaller exchanges such as HTX and OKX, often with extreme price swings. Binance prefers tokens with robust liquidity and organic market activity—something Pi has yet to demonstrate.
5. Centralization Issues
Critics argue that Pi Network’s centralized governance model, where the Core Team controls all mainnet nodes, contradicts the decentralized ethos embraced by major platforms like Binance.
Also Read: Pi Network Price Soars 50% in 24 Hours—But Can It Break Past $1?
Until Pi resolves these issues, a Binance listing appears unlikely. Without it, Pi Coin may continue to struggle in achieving true market legitimacy and sustainable value.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
