Will Pi Network Launch on Binance Next Month? Rumor or Truth?

Pi Network can be traded on several popular cryptocurrency exchanges, including Bitget, Gate, and OKX. However, the two giants Binance and Coinbase have not yet been listed. Previously, Binance held a community vote in February to see if users wanted to see PI on this platform. More than 85% of voters clicked on the “yes” option, and the community is eagerly awaiting hot news from Binance. In the past few months, there have been many rumors that the exchange will accept this token on Pi Day (14 March 3) or Pi Day 2 (28 June 6). The latest prediction suggests that August 15 will be the date of the event, when the community noted “unusual activity” in Binance’s hot wallet.

Cryptocurrency supporters will surely welcome this move, but some analysts have previously outlined barriers that could prevent this from happening. Earlier this month, user X Kim H Wong claimed that the blockchain code of Pi Network is not completely open source, the development team has not completed a third-party security audit, and may not have formally applied for listing. Price Outlook The support from this largest cryptocurrency exchange is very likely to trigger a significant price increase for PI, one of the worst-performing altcoins in this rally. At the time of writing, the price of PI is hovering around $0.44 according to data from CoinGecko, down 85% from its all-time high of $3 recorded in February. Moreover, the amount of PI coins stored on cryptocurrency exchanges is increasing, indicating that the downtrend may continue in the short term. As CryptoPotato reported on July 22, this figure has surpassed 400 million, and in the following days, it even surged to the current level of 404.4 million. The shift from self-custody methods to centralized platforms can be seen as a bearish factor as it increases immediate selling pressure. On the other hand, some analysts remain optimistic. User X MOON JEFF recently stated that he bought some PI tokens, expecting the price to soar to around $1-1.50.