Pi Coin Drops Below the $0.60 Threshold After Binance Excludes It From “Vote to List”

Pi Coin has plunged below the critical $0.60 threshold following a 16% drop in the past 24 hours.

Pi Coin, the cryptocurrency developed by the Pi Network, has fallen below the critical $0.60 threshold following a 16% drop in the past 24 hours, hitting a new All-time low of $0.53.

The sudden decline comes after Binance, the world’s leading cryptocurrency exchange, once again excluded Pi Network from its latest round of the “Vote to List” initiative. The program, which is driven by the Binance community, allows users to vote on which cryptocurrencies should be listed on the exchange.

For this latest voting round, Binance selected 12 tokens: Virtual Protocol, Big Time, UXLINK, Morpho, Grass, Aethיר, Walrus, Safe, Zeta, Story, Ondo, and Plume. In the first round, the chosen tokens were BANANAS31, BID, Broccoli, and KOMA (Koma Inu) among others.

However, Pi Network was notably absent from the latest list, despite being included in earlier community voting efforts.

The exclusion of Pi Network has sparked frustration among its holders, who feel that their preferred token was overlooked in favor of meme coins and other projects with less utility-driven focus. This sentiment is further amplified by the fact that Binance’s voting system is designed to reflect community preferences, yet Pi Network’s strong following, with over 10 million members in its beta testing phase, was not enough to secure a spot in the latest voting round.

As the dust settles on Binance's "Vote to List" initiative, the absence of Pi Network continues to be a sore point for its supporters. With the major exchange selecting 12 new tokens for listing via community vote, the exclusion of Pi, a token that previously participated in the voting rounds, has left many disappointed.

The chosen tokens for the upcoming listing are Virtual Protocol, Big Time, UXLINK, Morpho, Grass, Aethיר, Walrus, Safe, Zeta, Story, Ondo, and Plume. These tokens will now compete for the final listing on Binance, with the community's votes ultimately deciding the fate of each project.

Earlier this year, Binance introduced the "Vote to List" program as a way to engage its users in the listing process. The exchange would nominate several tokens, and Binance users could vote for their preferred candidates. The tokens with the highest vote count would be shortlisted for final selection by Binance.

In the previous round of voting, which took place in March, several promising projects like AORA (Oraichaio) and BID (BitDAO) advanced to the final stage of voting, but ultimately failed to secure listing.

The selection criteria for "Vote to List" have also been a subject of discussion among crypto enthusiasts. While Binance aims to provide equal opportunities for all tokens, the inclusion of meme coins like BID and Broccoli might have diverted attention from projects like Pi Network, which boasts a vast community and a long history in the crypto space.

As Binance continues to expand its listing options and engage the community in the process, the outcome of the "Vote to List" initiative will be closely watched by crypto enthusiasts worldwide.

Pi Coin Price Analysis:

Pi coin has hit record lows, dropping over 80% since its recent all-time high of $2.981 in February. The network’s mining rate has also fallen by 1.18%, indicating decreasing interest. With major exchanges like Binance still not listing Pi, its market momentum remains weak. However, a breakout above $0.71 could spark a short-term rally.