Pi Network (PI) Price Drops 43% From Its All-Time High, Binance Listing Delay Hurts Investor Trust

Pi Network’s price has experienced extreme volatility, dropping sharply – 43% – from its all-time high of $2.98. This price decline has worried investors

Pi Network’s price has plummeted sharply, dropping 43% from its all-time high of $2.98. This price decline has sparked concern among investors, especially considering the strong performance of other altcoins.

Pi Coin hasn’t been able to capitalize on the market optimism that followed President Trump’s crypto strategic reserve plan. Instead, its price has experienced extreme volatility, with factors such as the Binance listing and lack of dApp adoption playing a role.

Three main reasons seem to be causing Pi Coin’s price to fall. First, the wait for a Binance listing is taking too long. Second, big investors (whales) might be messing with the price. And third, not enough people are actually using Pi Coin. These issues have made people sell, making it hard for the price to go up.

Binance Listing Delay

One of the biggest sources of anticipation for Pi Network has been its potential listing on Binance. However, this event has been slow to materialize, leading to impatience among investors.

Binance held a community vote in February to decide whether they wanted to see Pi Coin listed on the exchange. An overwhelming majority of 86% voted yes.

However, Binance has yet to announce the timing or even confirmation of Pi Coin’s listing. This uncertainty has led to a decrease in buyer interest and overall excitement.

If Binance fails to list Pi Coin shortly, it might further dampen investor mood and encourage more selling pressure, pushing the price down even further.

Whale Moves

It also appears that large Pi Coin holders are playing a role in the significant price volatility. Market analysts speculate that these whales might be engaging in a pump-and-dump strategy.

This strategy involves artificially inflating the price quickly and then selling at the high price, causing a sharp drop. The lack of decentralized applications (dApps) built on Pi Network exacerbates this issue.

Without real-world utility, its price is largely dependent on speculation and anticipation. If more dApps were developed using Pi Coin, it could help stabilize the price.

This is because it would create real demand for the coin, rather than just speculative trading.

Adoption Issues

Pi Network faces several hurdles in gaining widespread adoption, which is impacting its price. While some businesses, such as a Florida real estate company called Zito Realty, have started accepting Pi Coin, the adoption rate remains low.

Pi Coin needs to move beyond being a meme coin and demonstrate its value as a useful digital asset. Increasing real-world use cases are crucial for stabilizing the price and building long-term investor confidence.

If more companies begin integrating Pi Coin into their payment systems, it could set the stage for a sustained uptrend, shifting the demand from speculative trading to actual usage.

Pi Network is currently trading at $1.70, down 0.21% in the last 24 hours. Despite its recent struggles, Pi Coin has seen an 11.88% increase over the past week.