The post Pi Network News: Why Pi Is Struggling to Get Listed on Major Exchanges appeared first on Coinpedia Fintech News
Pi Network launched with massive hype, attracting millions of users who mined the token in anticipation of a major exchange listing. But despite its popularity, Pi remains absent from top-tier platforms like Binance and Bybit. A listing on these exchanges could significantly boost its value, giving it more credibility and market access. However, the wait continues, and now, crypto analyst Dr. Altcoin has pointed to a major reason for the delay—transparency issues within the Pi Core Team.
Lack of Transparency Delays Pi’s Listing
According to Dr. Altcoin, the biggest hurdle keeping Pi Network from getting listed is the project’s lack of transparency, especially around its tokenomics. The analyst claims that the Pi Core Team hasn’t been clear about the locking and burning mechanisms for billions of Pi tokens under their control. Without a clear framework, exchanges may see Pi as a risk.
Recently, the circulating supply of Pi dropped to 6.77 billion after 10 million coins were removed. Dr. Altcoin believes this move was an attempt to control prices before a token unlock. Without transparency, such actions could raise concerns about potential price manipulation, which may be why Binance and other exchanges remain hesitant.
Refusing to Pay for Listings?
Not everyone agrees with Dr. Altcoin’s take. Some Pi Network supporters argue that the delay isn’t about transparency but rather the team’s refusal to pay listing fees. Many projects spend millions to secure a spot on major exchanges, but Pi’s developers are reportedly holding out for a free listing, which naturally takes longer.
Pi Current Market Sentiment
Pi Network is currently trading at $1, down 66% from its all-time high of $2.98 in February.
Over the past week, it has dropped 34% and fallen to the 25th spot on CoinGecko, with concerns heightened after Bybit’s CEO labeled it a scam. Moreover, Binance listing could push prices higher, but unless the Pi Core Team improves transparency or rethinks its listing strategy, the wait for mainstream exchange support may drag on. To regain stability, Pi Network announced a partnership with PiDaoSwap, a community-driven project promoting transparency.
This move briefly boosted PI’s price by 7%, offering a glimmer of hope. However, it remains to be seen whether this collaboration can change market sentiment in the long run.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
FAQs
Pi Network faces transparency concerns, especially regarding tokenomics and supply control, making major exchanges hesitant to list it
Bybit CEO Ben Zhou has outright rejected listing Pi, citing concerns over controversy and potential investor backlash
While Bybit’s CEO labeled Pi a scam, its legitimacy remains debated. Transparency issues and delays in exchange listings fuel skepticism among investors.
