The Pi cryptocurrency, which has faced intense scrutiny over its transparency and exchange listings, has recently seen an improvement in sentiment, sparking renewed optimism among investors.

Pi Network Market Sentiment Turns Positive

The cryptocurrency, which has faced intense scrutiny over its transparency and exchange listings, has recently seen an improvement in sentiment, sparking optimism among investors.

The PI/USDT pair has been trading in a descending channel, but it recently reclaimed a key resistance level, which is now acting as support, according to a crypto expert on X.

"If Pi breaks out of this channel with strong momentum, we could see a move towards $2," the analyst added.

However, despite its growing popularity, the Pi Network Binance listing remains a topic of discussion among traders and analysts.

According to crypto analyst Dr. Altcoin, a major barrier to the listing is the lack of transparency surrounding Pi Network’s tokenomics.

"I think the Pi Core Team has not been transparent enough about the locking and burning mechanism of the billions of Pi coins owned by the PCT," he stated.

Concerns over the locking and burning mechanism of billions of Pi tokens have also led to regulatory hesitations, further delaying the listing on major exchanges.

The question arises whether Pi Network should be listed on Binance due to concerns over its transparency and value. Credit: AG Bangs via X

Moreover, there are debates over whether the delay in a Pi Coin exchange listing is due to transparency issues or the Pi Core Team’s refusal to pay exchange listing fees.

Some investors believe that Pi Network sell restrictions and market manipulation concerns are also factors preventing major exchanges like Binance and Bybit from listing the token.

The total circulating supply of Pi currency has recently been reduced to 6.77 billion following the removal of 10 million coins.

While some investors see this move as an effort to maintain the Pi crypto value, others warn that without clear communication from the Pi Core Team, it could be perceived as market manipulation.

"It seems like they are trying to manipulate the market by removing 10 billion coins from the circulating supply to increase the price," one investor commented.

"Isn't it market manipulation? They didn't announce it in advance or anything. It's a bit scary."

Historical data shows that previous token unlocks have triggered sharp declines in the Pi token price, making investors wary of future fluctuations in the Pi Coin market.

The value of Pi Coin has dropped significantly from its all-time high of $2.98 in February, currently trading around $1 as the mainnet rolls out.

Recently, Pi Network highlighted a partnership with PiDaoSwap, aiming to enhance transparency and governance within the Pi Network ecosystem.

This fully community-driven project could improve confidence in the Pi Coin market and contribute to long-term stability.

Pi News has partnered with PiDaoSwap and become a member of its community-driven, decentralized DAO to help build the Pi ecosystem. Source: Pi News via X

Such developments, along with the upcoming reduction in unlocked Pi tokens, may support a more sustainable trading environment.

If demand for Pi Coin trade increases, a price surge could follow.

However, if the mainnet adoption stalls and major exchanges continue to express reservations, the potential for a bearish market scenario remains.