Pi Network Faces Significant Hurdles on its Journey to Listing on Major Cryptocurrency Exchanges
According to Dr. Altcoin, an analyst at X, the Pi Core Team has been managing token locking and burning mechanisms in an unclear manner, raising concerns among major trading platforms about the possibility of price manipulation.
The circulating supply of Pi has recently dropped by 10 million coins, settling at 6.77 billion coins. This reduction suggests active management by the core team, which has in the past led to panic selling following substantial token unlocks, leading to price instability.
Despite Pi Network boasting over 4 million followers on social media and a high approval rating of 86% in a Binance survey, the token has yet to find a place on major exchanges. Binance’s lack of action, especially given the strong demand from the community, has led to frustration among its supporters.
I now better understand why Pi is not listed on major exchanges such as Binance and Coinbase. It is likely that the Pi Core Team has not been transparent enough about the locking and burning mechanism involving the billions of Pi coins currently owned by the PCT. Without…
— Dr Altcoin (@Dr_Picoin)
March 22, 2025
The timing of future token unlocks adds a layer of uncertainty. The month of April is set to see the unlocking of 91.9 million Pi tokens, valued at around $83 million, following a previous unlock of 188 million in March. These events have been associated with price drops for the token, exacerbating fears of volatility.
Furthermore, concerns about network centralization and lack of transparency in SuperNode decisions call into question Pi Network’s governance, potentially delaying its acceptance by major exchanges. The view is that greater clarity from the Pi Core Team could facilitate the token’s listing in the future.
Price Analysis
On a technical level, the Pi token is trading at $0.8653, down 8% in the last 24 hours, showing a bearish trend. It is currently struggling to stay above $1.00, which is an immediate resistance.
If the price drops below $0.85, it could reach the $0.62 mark. An eventual break above $1.00 could shift momentum, with $1.34 being the next significant target.