TL;DR
- Pi Network has once again been excluded from Binance’s “Vote to List” campaign, preventing it from being added to the spot market of the world’s largest exchange.
- The $PI token price fell by 18.84% in the last 24 hours, currently trading around $0.5520, with a market capitalization of $3.75 billion.
- Despite the drop, the crypto community remains optimistic about the project’s future, highlighting its organic growth and the strength of its decentralized ecosystem.
Binance has launched the second round of its community-driven “Vote to List” campaign, featuring 12 new tokens. However, once again, PI has been left out of the process. This exclusion has caused disappointment among the thousands of followers of the Pi Network project, who had hoped this would be the round where the token would finally be considered. The current selection includes projects such as VIRTUAL, BIGTIME, UXLINK, MORPHO, ZETA, and ONDO, many of which focus on practical use cases and real-world utility.
Binance remains firm in its criteria of only allowing tokens based on BNB Chain to participate in this initiative, which automatically excludes Pi Network. This technical decision, though frustrating for its community, also reflects the regulatory and interoperability challenges that many crypto projects face when seeking listings on major centralized exchanges like Binance, which prioritizes security and seamless integration within its ecosystem.
Price Drops, but Trading Volume Soars
Following the announcement, PI’s value plunged by 18.84%, reaching $0.5520, its lowest level in weeks. However, the price drop was accompanied by a significant spike in trading volume, signaling that interest in the asset remains strong. The market capitalization fell to $3.75 billion, partly due to the upcoming release of 126.6 million new tokens this month, which adds to circulating supply and puts additional pressure on the price.
A Setback or a Setup for the Future?
Although the exclusion has sparked uncertainty, the pro-Pi community insists that these kinds of hurdles are common for projects still in a development phase. Pi Network has managed to build one of the largest user bases in the crypto world, and many see this moment as an opportunity to focus on developing its technology, refining its strategy, and strengthening its ecosystem.
In an increasingly competitive crypto market, patience and long-term vision could be the keys to Pi’s success. If the project manages to forge strategic alliances and adjust parts of its structure to meet Binance’s requirements, a future listing is not out of the question. For now, the project remains a symbol of decentralized growth, driven by a loyal and enthusiastic community that continues to believe in its disruptive potential.
