Why Solana is Falling and Pi Coin Surging: Is Binance Behind It?

Solana Crash and Pi Coin Surge: Is Binance Selling $SOL to Buy $PI

Solana price is experiencing a sharp decline, while Pi Coin price surge is catching investors’ attention. Why Solana is falling and why Pi Coin is gaining traction?. Additionally, Binance selling SOL tokens, and upcoming Pi coin Binance listing speculations also gained the attention of the crypto community.  

Solana and Pi Coin Price Performance

At the time of writing, Solana (SOL) is trading at $141.92, reflecting a weekly drop of 17.07%, with a market cap of $70.71 billion and a 24-hour trading volume of $5.25 billion. 

Source: CoinMarketCap

Meanwhile, Pi Coin price is showing an impressive surge. Pi Coin is currently priced at $1.89, marking a 20.90% daily increase and an 11.57% gain over the week, despite fluctuations from $1.9922 to $0.6168.

Why Solana Crash and Pi Coin Surge?

Solana Faces Controversies and Declining Investor Confidence

One of the biggest reasons why Solana is down is the recent controversies surrounding it. The Bybit hack and Libra coin scam have created uncertainty among investors, leading to a mass sell-off of Sol tokens. Furthermore, Solana's total transfer volume has seen a sharp drop from $1.99 billion on November 19, 2024, to just $14.57 million on February 23, 2025. This drastic fall indicates low network activity and declining adoption, which has contributed to Solana’s price slump.

Source: X

Additionally, Solana investor decline is evident from the Net Unrealized Profit/Loss (NUPL) data, which shows a shift in investor sentiment from greed to fear and even capitulation. Many investors are now in unrealized losses, further fueling the downtrend.

Pi Coin Price Surge and Binance Listing Speculations

On the other hand, Pi Coin price surge is gaining momentum, largely due to increased speculation about a potential Pi Coin listing on Binance. As per market trends, investors are shifting their funds from Solana to Pi Coin, seeking better opportunities. The possibility of Pi Network listing and its recent mainnet launch have contributed to growing investor interest.

Another major development is the Binance Voting results, which are expected to influence upcoming listings. With over 222,290 votes received, Pi supporters are hopeful for an official Binance Pi Network listing date soon. However, Binance has clarified that these votes are only for reference and not a final decision.

Source: Binance

Is Binance Selling Solana to Buy Pi Coin?

Rumors are circulating that Binance might be selling off Solana to invest in Pi Coin. Multiple large Solana (SOL) transactions have been identified from Binance’s hot wallet to Wintermute, Kraken, and Coinbase, raising speculation that Binance could be offloading its SOL holdings. 

Source: X

While there is no official confirmation, some believe Binance might be reallocating funds to Binance Pi Network investments.

Solana Price Prediction: Will Solana Go Up Again?

Looking at Solana’s price chart, SOL has been trading in a bearish trend after breaking the $180 support level. If the $140 support fails, the price could drop to $120-$100. However, in a bullish case, if recovery starts, Solana might test $180 first and then $258.

Moreover, Ali Martinez suggest that Solana is forming a right-angled ascending broadening pattern, indicating that if SOL falls below $130, it could drop as low as $65. However, this also presents an opportunity for investors looking to enter at lower prices, raising the question: Will Solana bounce back?

Conclusion

Solana's price is declining due to market controversies, a decrease in total transfer volume, and investor fear, while Pi Coin price surge is driven by Binance listing speculations and increased interest in Pi Network listing. The market remains uncertain, and while Solana could see further losses, will Solana rise again depends on upcoming market trends, investor sentiment, and overall crypto adoption.