Pi Network (PI) Was Once Again Not Shortlisted in Binance's “Vote to List” Initiative

This decision has led to various speculations and expectations among Pi Network fans. What exactly is going on?

Fans of Pi Network are eagerly awaiting the token’s listing on Binance, one of the largest cryptocurrency exchanges. However, Pi Network has once again missed the chance to be included in Binance’s “Vote to List” initiative.

This decision has led to various speculations and expectations among Pi Network fans.

What exactly is going on?

Binance has announced the list of tokens to be considered in its latest “Vote to List” program, where users can vote for cryptocurrencies they want to be listed on the exchange.

The selected tokens for the first half of 2024 are Virtuals Protocol (VIRTUAL), BIGTIME, UXLINK, MORPHO, Grass (GRASS), Aethir (ATH), WAL, SAFE, ZETA, Story (IP), Ondo (ONDO), and PLUME.

The first iteration of the program focused on memecoins, while the second one highlights utility tokens that cross multiple verticals.

However, Pi Network is not included in the list. This is the second time Pi Network has been ignored by Binance in this initiative.

Only projects based on Binance Coin (BNB) are eligible for consideration, which automatically eliminates Pi Network from participation as it is an open-source token.

This decision has disappointed many Pi Network fans who have been hoping for this token to be listed on one of the largest exchanges in the world.

After successfully listing on the BTCC Exchange, failure to make it to Binance raises questions about the future of Pi Network in the mainstream market.

Still, there is an opportunity for this token to be listed directly by Binance in the future.

Transparency and Compliance as Constraints

One of the main reasons Binance is reluctant to list Pi Network is the lack of transparency from the PiCoreTeam (PCT) team.

Binance and some experts in the industry have criticized PCT for not providing enough disclosure regarding the token locking and burning mechanism.

Bybit’s CEO, Ben Zhou, went further by calling the project a scam.

These criticisms added to the doubts among investors and may have influenced Binance’s decision not to include Pi Network in their listing selection program.

In addition, Pi Network has experienced a significant price drop, with the token value dropping by more than 75% from its highest peak.

This drop indicates a less than positive market reaction to Pi Network’s recent developments.

Price Analysis and Future Outlook

On April 3, 2025, Pi Network was briefly trading around $0.64, showing a 6.5% drop in a day. The token also showed a 25% drop in the past week.

Despite the decline, technical analysis suggests that Pi may be forming a bullish reversal pattern.

If the price can break above $0.68, it could trigger an upside movement. However, indicators such as the Relative Strength Index (RSI) which is near oversold territory and the Bollinger Bands which show high volatility, suggest that there could be a price recovery if buyers can take control.

However, investors are advised to look for confirmation through volume and a sustained close above the resistance level before making an investment decision.

Overall, although Pi Network is facing challenges in its listing efforts on Binance, there is still hope among the community that the situation may change.

Going forward, Pi Network needs to improve transparency and meet compliance standards to gain more trust from exchanges and investors.