Lists

Pi Network’s PI coin has been one of the most talked about coins online as far back as 2019 when it was created. It gained popularity because it was mined by millions of users through the Pi Network app. Although the use is limited, these users had hope that someday it would be listed on an exchange.

The excitement is building and many are hoping that it goes live. This might actually come though but what could happen next after that?

There have been rumors that Binance, the world’s leading crypto exchange, might be getting ready to list Pi. These rumors got louder after a viral post on X claimed that Binance had listed Pi on June 2. The post even showed an image with Pi price on the Binance app. The news turned out to be fake because there was no confirmation from either Pi Network or Binance.

Pi coin has lost 67% of its value over the one year. A listing on Binance could send this price up high immediately. This has happened before when Pepe Coin was listed on Binance in December 2024. The memecoin reached an All-time high quickly after the news.

When people see prices rising fast, they often rush in. This is called FOMO or simply fear of missing out. Nobody wants to miss a quick profit. So the market will see more buyers jump in, with hopes that they’re not too late.

What happens when Binance Lists a Coin?

If Pi gets listed, millions of users who mined it may try to sell their tokens at once. At the same time, new buyers would want to rush in, and they will start chasing a pump. That kind of hype can push the price even higher, but only for a while. 

Coins that pump too fast often crash soon after. Although Pepe coin price surged after the listing, it later went ahead to drop 81% days later. That went on for three months before the market could find the momentum to recover. 

Pepe price before and after listing on Binance | Source: TradingView

This pattern is very common in crypto space and is known as a “pump and dump.” Sellers who were early to the market can make gains, but late buyers may lose money as the price falls. 

One more recent example is Hamster Kombat (HMSTR). The famous tap-to-earn game had over 300 million users tapping their phone screen to earn the token. When its token launched, it had lots of hype too, but the price crashed over 50% in just a few days after. Many blamed it on poor token distribution and early profit-taking. Still, those who lost their money were in the millions. 

Another risk comes if Pi is listed not just for spot trading, but also for futures. Futures trading lets people bet that a coin will go down. This is called shorting. When a lot of traders short a coin, it puts pressure on the price.

If enough people bet against Pi, the price could crash, even while interest stays high. This has also happened before. For instance, coins like SUI and APT saw fast drops after being listed on futures markets. At first, there was massive hype. Then shorting took over. 

In short, things can change so fast even within a second in the crypto space. Yes, the Binance listing would definitely bring attention but it is also important to take note of what could come hours or days after so as to make better trading decisions

Community Reaction on PI Coin Binance Listing 

Meanwhile, some users in the Pi community are actually against the listing right now. In one recent poll on X, many Pi users voted “no” when asked if they want PI Coin listed on Binance. They say the network is not ready.

One big issue is KYC. Users need to pass KYC checks to unlock their Pi. But many say they’ve been stuck for months. Some say they lost access to their coins or were muted after complaining in forums. Until these problems are fixed, some users say listing Pi too early would hurt the project.

Also, there was a time when Binance held a “Vote to List” contest. It was meant to allow users to vote for the tokens they want to get listed. Pi did not make it to the list. So it’s safe to say that the exchange might only be focusing on just tokens with good trading volume for now. Moreover, Binance has strict rules for listings. A project must meet certain standards before being listed.

Also Read: Pi Network Whale Accumulates 290M PI Coins

Source link