Why Won’t Binance List Pi Coin? Market Cap Drops Below $5B

Pi Network supporters are facing yet another setback as Binance once again skips the token in its latest Vote to List initiative. This is the second time the world’s largest crypto exchange has overlooked Pi, crushing hopes of an imminent listing. With Binance showing no interest, Pi’s price is tumbling, hitting its lowest level in over a month.

But why is Binance ignoring Pi?

As Pi’s value continues to slide and frustration grows within the community, many are questioning whether the project can still secure a major exchange listing. Here’s what’s really going on.

Pi Network Price Crashes Hard

With Binance refusing to include Pi in its listing program, the token has fallen to $0.7012, its lowest point since February 25. Pi Network has now lost 76 percent of its all-time high value, erasing nearly $14 billion from its market capitalization. Once worth close to $20 billion, Pi’s valuation has now shrunk to just $4.76 billion, raising concerns among investors.

Why Binance Keeps Saying No to Pi

Binance recently launched the second phase of its Vote to List initiative, where users vote for tokens they want listed on the exchange. This round included 12 tokens such as Virtual, BigTime, Ondo, and UXLink. Binance selects winners based on vote count, trading demand, risk assessment, and compliance checks.

However, Pi Network was not included, and there is a clear reason why. Binance has set strict eligibility rules, allowing only BNB-based projects to participate. Since Pi does not operate on Binance’s blockchain, it was automatically disqualified. Another major issue is the lack of transparency from Pi’s development team. Binance has raised concerns about how Pi tokens are locked and burned, stating that it needs clear disclosures before considering a listing. So far, the PiCoreTeam has not provided enough details to satisfy these requirements.

Can Pi Still Get Listed on Binance?

Despite this setback, Pi Network still has a chance of getting listed through a direct listing in the future. However, Binance has not provided any timeline, leaving the Pi community uncertain about when or if this will happen.

In better news, Pi Network has been listed on BTCC Exchange, bringing it a step closer to broader adoption. The platform’s domain auction is also generating strong interest, with over 200,000 bids, showing that the Pi community remains highly engaged.

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Critics Question Binance’s Priorities

Selçuk Topal, Ph.D., has criticized Binance for ignoring Pi Network while promoting meme coins through liquidity incentives. He argued that Binance should support research-driven projects rather than tokens based on hype.

Topal also questioned Binance’s investor protection fund, known as SAFU, suggesting that its application is inconsistent. He further raised concerns about Binance’s leadership, claiming that the exchange may be more focused on public relations than real progress.

What’s Next for Pi Network?

Pi’s price has dropped another 5 percent in the past 24 hours, now struggling to stay above $0.6646. With Binance still hesitant and Pi’s value declining, there is growing pressure on the PiCoreTeam to improve transparency and push for listings on major exchanges.

For now, Pi holders will have to wait and see if Binance finally decides to give the green light.

For now, Pi remains stuck in limbo, caught between an eager community and an exchange that just isn’t convinced yet.

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