The 60-million strong Pi Network (PI) community, popularly referred to as Pioneers, are in two camps over Binance listing delays. What was supposed to be a smooth listing since Pi Network mainnet launched, turned into havoc with both sides questioning each other’s transparency.
Pi Network Makes DeFi Entrance As CEXs Close Doors
Hiking to $2.99 a week into launch, Pi Network (PI) showed promising results after being added to several major crypto platforms like MEXC, OKX & Gate, Bitget, BitMart and a few smaller ones. Pioneers expected an imminent Binance listing after a nearly unanimous vote on Binance Square voted in favor of the listing.
Regardless, neither of the big three, whether it’s Binance, Bybit or KuCoin, dared to list the mobile mining altcoin. So, Pi Network’s native Pi Coin (PI) now relies on decentralized finance (DeFi) & real-world adoption. For this reason, Pi’s Core team is now testing the automated market maker (AMM) & a powerful decentralized exchange (DEX).
Pi Coin Struggles To Reclaim $0.60 Major Demand Line
While some are blaming the arduous process of Know Your Business (KYB) implemented by Pi Network when onboarding new business partners, others shame Binance for not delivering any clear updates in regards to Pi Coin’s listing on the platform ever since the voting ended.
Intriguingly, some Pioneers think that Binance was the one being used to “lend credibility”, as Pi Network’s (PI) code is not fully available to the public and the Pi Core team was often described as “secretive” or “elusive” by their own community members. Some pioneers cite unresponded support tickets and mined crypto migration troubles as the source of their disappointment.
Whether it is the lack of transparency or business discrepancies, it’s clear that Pi Network’s (PI) road to reclaim the previous major demand territory of $0.60 won’t be easy without fresh utility cases. Untouched since mid June, this level is a pivotal point for the altcoin reaching for $1 and beyond.
As Pi’s Hackathon 2025 is reaching the final phases before the revelation of new dApps on Pi, the network’s native token needs to sustain above $0.22 for a breakthrough towards $0.40. Otherwise, plummeting below the $0.20 support floor would imply a broader pullback toward $0.18. Even though Binance listing Pi Coin (PI) remains on-hold, the accessibility landscape can shift once the 100 decentralized application (dApp) package goes live on Pi’s mainnet.
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Pi Network’s attempt to quietly list on smaller exchanges to test liquidity and investor reactions without transparency or major partnerships led Binance to step back, protecting its reputation amid unanswered questions about Pi’s ecosystem.
Apparently, Binance realized Pi Network was using their platform to lend credibility to a plan lacking clear communication and partnerships, prompting a strategic retreat to avoid potential backlash.
Repeated delays, secrecy around listings, and poor communication have eroded pioneer trust, damaging the project’s reputation more than any exchange decision.
On October 14, 2025, Pi Network rolled out Security Circles to boost network integrity, but this move clashes with intensifying global regulatory demands, like the U.S. CLARITY/GENIUS Acts and Europe’s MiCA framework, pushing for greater transparency in crypto projects.
Pi Network must ramp up open, honest dialogue about its roadmap, decisions, as well as partnerships. While Security Circles aim to engage the community, sweeping transparency is essential to win back trust and draw in serious investors.
