Pi Coin Surges as Binance Listing Rumors Fuel Speculative Frenzy

Retail traders pile into the unproven asset—because nothing screams ’sound investment’ like betting on vaporware before exchanges legitimize it.

Market watchers note eerie parallels to 2017’s ICO mania, but this time with better memes.

If listed, Pi would join Binance’s carnival of questionable altcoins—right between the ’Dogecoin killer’ and the ’Ethereum slayer’ that peaked in 2021.

Speculations on Binance Listing Heat Up

One of the primary drivers of the heightened interest in Pi Coin is a social media post by Pi Barter Mall. The post claimed that the Pi Commerce Team (PCT) is close to finalizing a listing agreement with Binance. This claim follows a recent community survey conducted by Binance, asking if “$PI should be listed?” In that survey, 86% of respondents favored the listing.

However, Binance has yet to provide official confirmation. Binance’s stringent listing criteria are currently the main obstacles delaying Pi Coin’s entry onto the exchange. Binance prioritizes projects compatible with its BNB Chain, which delays the listing. As known, Pi utilizes its private Blockchain, raising technical compatibility questions.

Overcoming Transparency and Compliance Hurdles

Another hurdle for Pi Coin’s listing on Binance is the transparency criterion. Binance requires that projects have a clear tokenomics structure, and explicitly outline the supply-demand balance, inflation control, and value protection mechanisms. Additionally, comprehensive details on team information, project roadmap, and future goals are necessary. Observers note that Pi Network still has some deficiencies in these areas.

Moreover, legal compliance is a crucial factor. Due to Binance’s relationships with regulatory bodies in various countries, all altcoins to be listed must comply with international standards. The timeline and methods for Pi Coin to navigate this challenging process remain uncertain.

On the other hand, crypto analyst Dr. Altcoin accuses Binance of double standards. According to the analyst, Binance attempts to reach over 70 million users by advertising on the Pi Network application. Yet, despite community support, Binance remains reluctant to list Pi Coin on its exchange.