Why Pi Network’s Binance Listing Hopes are Dimming
As the crypto market buzzes with a renewed spirit, hope for a Binance listing for PI Network seems to be fading into the background. Analyst Kim Wong recently highlighted three crucial hurdles that are obstructing what many thought would be a significant milestone for the PI coin price trajectory. Despite the broader cryptocurrency market waking up with a more favorable risk appetite, Pi Network remains sluggish, pulling the heaviest losses within the top 100 cryptocurrencies over the past week.
What’s perplexing, however, is that the clouds of geopolitical and macroeconomic uncertainty have started to lift, paving the way for growing optimism among traders. Even though the momentum for regulatory changes appears to be shifting toward a more bullish sentiment, resistance in the U.S. House regarding several legislative acts like the CLARITY Act and the Anti-CBDC Surveillance State Act has left investors feeling cautiously optimistic.
JUST IN: 🇺🇸 210 Democrats and 13 Republicans voted against advancing Crypto Genius Act, Clarity Act & Anti‑CBDC Act. pic.twitter.com/tt4M2HX27O— Watcher.Guru (@WatcherGuru) July 15, 2025
The Three Reasons Keeping Pi Network on the Sidelines
Back in February, Binance made waves by launching a community vote on whether to list PI Network. With an overwhelming 86% of participants advocating for the listing, many expected a prompt decision. Yet, that expectation has not materialized, leaving the PI token in limbo.
BREAKING: Binance set to LIST $PI By #PiNetwork as Community Vote in Favour. pic.twitter.com/tNjNwbQ6Jf— 𝑴𝒓. 𝑩𝒊𝒍𝒍𝒊𝒐𝒏𝒂𝒊𝒓𝒆💰 (@mr_cbillionaire) February 22, 2025
In a revealing post on X, analyst Kim H Wong laid out the three primary reasons behind Binance’s hesitation:
- Closed Source Blockchain: The PI Network has not yet made its blockchain fully open-sourced. For a project to gain trust within the crypto community and satisfy scrutiny from technical experts, transparency is essential.
- Lack of Security Audit: There is no concrete evidence that a reputable third-party security audit has been conducted for the Pi Network. This step is critical, as it assures exchanges of user safety and compliance with regulatory standards.
- No Formal Listing Application: The Pi Network may not have formally applied for listing on Binance or Coinbase. Exchanges typically expect proactive engagement from project teams, which includes adhering to extensive compliance requirements.
Understanding the Pi Coin Price Dynamics
The importance of a Binance listing cannot be understated in a crypto market that is still grappling with an oversupply of tokens. Currently, the PI coin price is under pressure, mainly due to ongoing token unlocks that yield an average release of about $6.48 million worth of tokens each day, as reported by PiScan.
As PI Network struggles to gain traction in terms of adoption, its price actions seem heavily reliant on speculative trading, lacking a strong foundational use case for sustained growth. However, recent technical analyses suggest that PI Coin could be on the brink of rebounding along with the broader altcoin market, thanks to the formation of a week-long falling wedge pattern.
Future Outlook: What Lies Ahead for PI Network?
The resistance level at $0.446 remains a crucial hurdle for PI Network, with overcoming this mark potentially leading to a 15% upswing back to $0.5055. Current momentum indicators hint at a possible trend reversal; the MACD is approaching a golden cross, which could energize buyers, while the RSI is nudging the oversold territory, suggesting that sellers may be losing their grip.
However, the stakes are high. If resistance remains unbroken, the price might retreat to the lower boundary of the falling wedge, targeting support at $0.42. Without action, the price could spiral downwards, leaving investors in yet another predicament.
Wrapping Up: The Importance of Building a Narrative
This continuing narrative serves as a reminder that past market collapses—such as the notorious fall of FTX—have shifted the focus toward security and self-custody solutions. Innovative projects like the Best Wallet are coming to the forefront, aiming to provide users with enhanced self-storage capabilities and a suite of features that could redefine their experience in the digital asset sphere.
Alpha doesn’t wait. Neither should you. 🎯Upcoming Tokens in Best Wallet puts early-stage projects in your hands. 🌐1️⃣ See what’s trending before the crowd2️⃣ Learn about each project with in-app info3️⃣ Buy and track your tokens all in one placeDownload Best Wallet today!… pic.twitter.com/SQofs9A6Na— Best Wallet (@BestWalletHQ) July 1, 2025
This utility is not confined to cryptocurrency alone; it extends into traditional finance (TradFi) through features like the Best Card, offering users the capacity to make daily transactions with stablecoins anywhere Mastercard is accepted. Already, the project has drawn nearly $14 million in funding for its utility token, $BEST, and promises to offer an all-encompassing platform available on major app stores.
The landscape is shifting, and with it, the narratives that drive the markets. Engaging with these stories can offer investors the insight they need to navigate this dynamic world. What are your thoughts on the potential for PI Network? Join the discussion below!