Disappointment over Pi Coin's Anticipated Binance Listing Has Contributed to Selling Pressure

Additionally, disappointment over Pi Coin’s anticipated Binance listing has contributed to selling pressure. Many investors expected Binance to announce its listing on March 14

Pi Coin, the token developed by the Pi Network, has encountered a setback as it continues to slide in the CoinMarketCap rankings. Despite a community vote in February overwhelmingly supporting the token’s listing on Binance, the exchange has yet to make an official announcement.

According to a report by Crypto News Brief, this disappointment has contributed to selling pressure on Pi Coin.

Many investors anticipated Binance to announce its decision on Pi Coin’s listing on March 14. However, no confirmation from the exchange came by the end of the day, leaving traders frustrated and leading to a wave of sell-offs.

The report further mentions that technical issues with Pi Network’s migration process have also weighed on investor sentiment. Several users have reportedly lost tokens due to grace period lapses, sparking widespread frustration.

One user allegedly lost 1,427 tokens as a result of delays, prompting more investors to exit their positions.

The persistent decline has caused Pi Coin to slip from its 11th rank on CoinMarketCap to 17th.

Meanwhile, Shiba Inu, which remains steady at $0.00001257 with a market cap of $7.41 billion, is gaining ground.

According to Crypto News Brief, if Pi Coin’s downturn continues, altcoins like Shiba Inu, Polkadot, Litecoin, and Sui could overtake it. However, speculation remains that a confirmed Binance listing could potentially drive Pi Coin’s price to $5 or higher, offering a much-needed recovery.

For now, the uncertainty looms large, and all eyes remain on the market’s next move.