Pi Network Price Crashes Hard as Binance Skips the Token in Its Latest Vote to List Initiative

Pi Network supporters are once again left frustrated as Binance skips the token in its latest Vote to List initiative. This marks the second time the world's largest exchange has ignored Pi, shutting down hopes of an imminent listing.

Pi Network’s supporters are once again left frustrated as Binance has skipped the token in its latest Vote to List initiative. This marks the second time the world’s largest exchange has ignored Pi, shutting down hopes of an imminent listing.

Meanwhile, Pi Network’s price is taking a heavy toll, dropping to its lowest level in over a month.

Pi Network Price Crashes Hard

Following Binance’s decision to exclude Pi from its listing program, the token has tumbled to $0.7012, reaching a fresh low since February 25.

Network is now down a staggering 76% from its all-time high, wiping out around $14 billion in market value. Once valued at nearly $20 billion, Pi’s market cap has now shrunk to just $4.76 billion, raising concerns among investors.

After hitting highs above $3 in December 2024, the token dropped below the $1 mark in March 2025. Now, with Binance’s latest decision, Pi is quickly approaching the $0.6590 support level, which could be crucial for determining the next leg of the move.

A breakdown below this support could open the door for a drop toward the $0.5676 Fib level, a Fibonacci retracement support.

On the other hand, if buyers manage to push the price back above the $1 mark, the next resistance is at $1.32, where the 100-period Exponential Moving Average (EMA) is located.

Moreover, if the bullish sentiment sustains, the PI value could reach as high as $2.1007 this year.

Why Binance Keeps Saying No to Pi

Recently, Binance announced the second phase of its Vote to List initiative, where users vote for which tokens they want listed on the exchange. Out of the 12 tokens that made the cut include VIRTUAL, BIGTIME, ONDO, and UXLINK.

Binance will then select the tokens based on vote count, trading demand, risk assessment, and compliance checks. However, Network is nowhere in sight, and there’s a big reason behind it.

Binance has stated that only BNB-based projects qualify for this program, automatically disqualifying Pi. Additionally, the PiCoreTeam (PCT) has faced criticism for lack of transparency, especially regarding how Pi tokens are locked and burned.

Binance requires clear disclosures before listing Pi, but so far, the PCT has not provided enough details. This lack of transparency might be a key factor in Binance’s decision not to include Pi in its listing program.

Is There Still Hope for a Binance Listing?

Despite missing out on Binance’s Vote to List, Pi Network still has a chance to land on the exchange through a direct listing in the future. However, Binance has not yet given a timeline for this possibility, leaving Pi enthusiasts in the dark.

In the meantime, Pi Network has secured a listing on BTCC Exchange, bringing it one step closer to mainstream adoption.

Pi’s domain auction is also seeing a lot of action, with over 200,000 bids, demonstrating that the community is still engaged in pushing for a Binance debut.

Selçuk TOPAL, Ph.D., an economics professor, took to X, formerly known as Twitter, to express his thoughts on Binance’s latest move and its broader vision.

TOPAL criticized Binance for ignoring a project like Pi Network while supporting meme coins with liquidity incentives. He argued that if Binance truly valued innovation, it would be backing research-driven projects like Pi instead of hype-based tokens.

He also questioned why Binance’s investor protection fund (SAFU) isn’t consistently applied, suggesting that the exchange should prioritize its users over quick gains.

Furthermore, TOPAL raised concerns about Binance’s leadership and vision, stating that it might be focused more on PR and hype than on making a real difference in the cryptocurrency space.