The question of why Pi Network (PI) is not listed on major exchanges like Binance and Coinbase has been a topic of curiosity among investors. A cryptocurrency analyst has put forth a theory regarding the ongoing absence of the Pi Network (PI) token on these prominent platforms.
Despite a high demand for listing on Binance, the inability of Pi Network to trade on the exchange remains an elusive goal for the community.
Why is Pi Network (PI) Not Listed on Binance and Coinbase?
Dr. Altcoin, an analyst on X platform, attributes the delay in the listing process of Pi coin to a lack of transparency from the Pi Core Team. The analyst argues that the ambiguity surrounding the mechanisms for locking and burning billions of Pi coins is one of the fundamental issues at play. In a statement, he noted, “I now understand better why Pi has not been listed on major exchanges like Binance and Coinbase. It appears that the Pi Core Team has yet to provide transparent information regarding the locking and burning of billions of Pi coins.”
In previous analyses, the analyst pointed out that the circulating supply of Pi coins has decreased by 10 million, now totaling 6.77 billion. He suggested that the Pi Core Team is attempting to stabilize prices by making adjustments to the supply, adding, “When a large amount of Pi coins was unlocked previously, it sent a false signal and led to panic selling. However, the PCT [Pi Core Team] still needs to be clear about the burning mechanism of Pi coins and their plans for locking the majority of the coins.”
According to Dr. Altcoin, the lack of transparency makes this situation susceptible to misunderstandings, potentially being perceived as a market manipulation scheme. The analyst predicts that if the Pi Core Team increases transparency and if most coins in the community are trading below one dollar, the likelihood of Pi Network being listed on exchanges will rise.
These speculations align with recent concerns regarding the centralization issues of Pi Network. Specifically, worries have been raised about the central control and governance transparency related to SuperNodes. These factors could further delay Pi Network’s listing on top-tier exchanges like Binance and Coinbase.
Community Demand Faces Obstacles
Despite all these concerns, the Pi Network community continues to show strong support. The project recently surpassed 4 million followers on social media platforms, continuing to grow its user base. Additionally, a survey conducted by Binance revealed that 80% of participants expressed a desire for Pi to be listed on the exchange.
However, since Binance has yet to take any action on this matter, discussions remain ongoing. The failure to list Pi coin, despite receiving significant support in community surveys, has led to disappointment among its supporters.
Important Warning: This news does not constitute investment advice. Cryptocurrency markets carry high risks, and there is a possibility that your investments may lose value. We recommend conducting your own research and consulting a financial advisor if necessary when making investment decisions.
