Pi Has Attracted Significant Community Interest

However, please share why Binance has not yet listed Pi and taken advantage of the opportunity to onboard a substantial user base from the community.

Pi Network has attracted significant community interest. However, Binance has not yet listed Pi and taken advantage of the opportunity to onboard a substantial user base from the community. Let’s explore some key insights below!

Pi Network Community

Pi Network boasts an incredibly large community with millions of users. However, most of them lack experience in blockchain in general and crypto in particular.

According to Bybit CEO Ben Zhou, the Network is even more dangerous than meme coins because it targets people who lack knowledge about cryptocurrencies, leading them to have unrealistic expectations – unlike the meme coin game.

He also questioned the project’s value, given its long history of delays and missed deadlines.

“They advertise that you just need to press a button to earn a lot of money. But they never explain how the money is actually made. Many people have received nothing, while there have been occasional data leaks,” Zhou said, suggesting that Pi Network resembles a Ponzi scheme, where later entrants pay for earlier ones.

Source: Screenshot of Ben Zhou during the livestream

The Trend of Listing on Binance for Sell-Off

In the crypto market, when a token gets listed on Binance, it often triggers an immediate effect. The token’s price can skyrocket due to increased attention and capital inflow. However, the present is also the time when many traders take advantage of the opportunity to “sell off” and secure profits, leading to strong selling pressure and a sharp price drop afterward.

Example: SHELL, ALCH, TRUMP,…

If Pi gets listed on Binance and investors start selling off, its price may surge on other exchanges before experiencing a sharp drop below $0.7, according to NFTevening.

Opportunities If PI Gets Listed

Exchanges that have listed PI

Although there have been many conflicting opinions, some exchanges have still listed Pi, such as: OKX, Bitget, MEXC, Gate.io, etc.

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If executed correctly, Pi’s listing on Binance could bring significant benefits for both parties:

This ripple effect could create a positive feedback loop: the more users join, the higher Pi’s value rises, contributing to a more vibrant overall crypto market.