- 86% of Binance users support listing Pi Coin, but Binance’s strict review process remains a hurdle.
- Pi Coin’s price surges, yet controversy over its legitimacy and regulatory scrutiny continues.
A Binance Square survey has revealed that 86% of users support listing Pi Coin on the exchange, fueling excitement among Pi Network enthusiasts. The poll, which attracted nearly 295,000 participants, highlights the growing demand for Pi Coin’s integration into mainstream trading platforms.
Despite the enthusiasm, Binance has indicated that the listing is contingent on passing their rigorous review process. Pi Network enthusiasts eagerly anticipate further updates, potentially arriving on Pi Day, March 14, which could significantly shape the coin’s future.
Strong Community Backing but No Guarantee Yet
The recent Binance survey, which ran from February 17 to February 27, asked users whether they wanted Pi Coin to be listed. The overwhelming response—86% in favor—demonstrates the increasing interest in the token. With Pi Network boasting over 60 million users, a Binance listing could provide greater exposure and liquidity for Pi Coin.
Despite the strong support, Binance has made it clear that the vote is only for reference and does not guarantee a listing. The exchange stated on Binance Square that Pi Coin must undergo a comprehensive internal review before any decision is made. Binance’s evaluation process includes assessing security, liquidity, and compliance with regulatory requirements. Until these conditions are met, the listing remains uncertain.
Still, the results of the vote have drawn attention from the broader crypto community. Analysts note that if Pi token meets Binance’s standards, it could gain significant market traction. Many investors are now watching closely for further updates from both Binance and the Pi Network team.
Pi Coin’s Price Tanks Amid Market Downturn
While the Binance poll has generated enthusiasm, Pi Coin’s price has faced volatility. Currently trading at around $2.40, the Pi token has dropped 11% following a broader market downturn. Despite this decline, historical trends suggest that a Binance listing could boost its value.
Cryptocurrencies often experience price surges after being listed on major exchanges. If Pi Coin secures a spot on Binance, it could attract more investors, increase liquidity, and enhance its credibility. However, analysts caution that market conditions play a crucial role in determining price movements.
Pi Coin recently reached an all-time high of $2.99 before retreating, reflecting both strong demand and profit-taking by investors. Some experts believe that if bullish momentum holds, the Pi token could target resistance at $3.50. Others warn that a bearish trend could push the price down to $2.05. Despite these fluctuations, long-term supporters remain optimistic about Pi Coin’s future.
What’s Next for the Pi Network?
With Pi Day on March 14 approaching, the Pi Network community is expecting big announcements. Pi Day marks the anniversary of Pi Network’s launch in 2019 and has historically been a time for major updates. Rumors are growing that it could bring news about Binance’s review process or Pi Network mainnet.
Pi Network has grown fast, with its X social media following surpassing 3.9 million, making it the 5th largest cryptocurrency by follower count. Its focus on mobile mining has attracted a lot of attention, making it an alternative to traditional mining-intensive cryptocurrencies like Bitcoin.
Binance is still reviewing Pi Coin. They said community votes are valuable, but it’s only one of the factors. Investors and enthusiasts will have to wait for updates from Binance and the Pi Network team to know what’s next.
But Pi Coin is still controversial. As Ethnews reported, critics said it’s a pyramid scheme. Bybit CEO Ben Zhou even warned that the project had faced regulatory scrutiny in China. Pi Network denied these claims and said they want to build a decentralized financial system, but their self-reported market cap figures are unverified.
