Pi Coin Binance Listing Not Revealed Yet: Fear or Publicity Stunt

Pi Coin Binance Listing Delay Amid Market Crash or Waiting Right Time?

The Pi Network Binance listing has become a hot topic in the crypto community, with Binance yet to announce its final decision. The voting for the Binance Pi listing ended on February 27, but despite an overwhelming majority voting in favor, Binance remains silent. Amidst this delay, the ongoing crypto market crash and the sudden Pi coin price drop have fueled speculation. Could Binance be waiting for the right time to announce the Pi coin Binance listing date?

Binance Pi Network Voting Results

The Binance Pi Network vote gathered significant attention, receiving a total of 232,676 eligible votes between February 17 and February 27.

• 87.1% voted “Yes” (202,547 votes)

• 12.9% voted “No” (30,129 votes)

Despite the majority favoring the Pi Network Binance listing, Binance is yet to confirm the listing. The exchange has a strict evaluation process, ensuring that every listed token meets its security and quality standards. The silence from Binance, however, is raising concerns among investors.

Is Pi Coin Crash Stopping Binance?

While Pi Coin recently saw a 195.97% surge in a week, it is now facing a sharp decline. At the time of writing, Pi Coin price stands at $2.26, marking a 6.92% intraday drop. The token hit an all-time high of $2.98 on February 26, but since then, it has been on a downward trend.

Source: CoinMarketCap

This market volatility is increasing speculation that Binance may be delaying the Pi Network Binance listing date to avoid high selling pressure. With $15.3B market cap and $1.73B 24-hour trading volume, the coin's performance is crucial in determining its listing fate. Binance might be assessing whether Pi Coin can stabilize before making a final call.

Crypto Market Crash Causing the Delay?

The broader crypto market crash is another possible reason behind Binance’s hesitation. Over the past three days, the market has suffered drastic losses. On February 28, the global crypto market cap dropped to $2.64T, marking a 6.15% decline in just 24 hours.

The crypto greed and fear index has plunged from 72 (Extreme Greed) a month ago to 10 (Extreme Fear) before slightly recovering to 16. This suggests that the market is still in a state of uncertainty, making it risky for Binance to list new tokens, especially those experiencing instability like Pi Coin.

Binance Faces Controversy Amid Silence

Binance’s silence on the Pi Network Binance listing speculation is fueling controversy. Some in the crypto community believe that the Binance Pi listing news was merely a publicity stunt. Zoe, a Web3 enthusiast and $LEO ambassador, expressed concerns on social media:

Source: X

“So @binance was voting for engagement purposes! $PI doesn’t need Binance; Binance needs $PI.”

Others argue that Binance’s strict listing policies justify the delay. However, unlike meme coins that got listed with minimal evaluation, the extended review process for Pi Coin Binance listing is causing frustration.

When Will Binance List Pi Network?

The delay in Pi Network Binance listing aligns with Pi Network’s grace period extension. The KYC and Mainnet migration deadlines have been extended to March 14, 2025, providing users extra time for verification and migration.

Source: X

Given this timing, there is speculation that Binance might list Pi Coin on March 14, commonly known as “Pi Day.” However, there is no official confirmation from Binance or Pi Network regarding this.

Conclusion

Binance’s silence on the Pi Network Binance listing date is leading to multiple speculations. While Pi Coin price volatility and the crypto market crash might be causing hesitation, Binance could also be strategically waiting for a more stable market environment. If the market stabilizes and Pi Coin bounces back, Binance might finally announce the long-awaited listing. Until then, the community remains in anticipation.