Binance Listing May Boost Pi Network’s (PI) Price – But Don’t Expect a Game-Changer

Pi Network’s native token debuted at first of 2025, rising to as high as $3 shortly after. Since then, although, it has undergone a deep pullback and presently trades about 94% under its all-time peak.

According to some market observers, a potential PI itemizing on Binance may spark a bull run. One analyst, although, claimed that such a situation may solely create a FOMO impact, reasonably than a significant shift within the token’s long-term valuation.

Beware of This Possible Effect

It was in February final 12 months that Pi Network lastly launched its Open Network, making PI publicly accessible and enabling exchanges to checklist it. The first to hop on the bandwagon have been Bitget, OKX, and MEXC, whereas Binance was broadly alleged to comply with go well with.

The firm added extra gas to the rumors by holding a neighborhood vote asking its customers whether or not they wish to see the coin out there on the platform. Over 85% of voters chosen the “sure” choice, but Binance has not revered their want.

Since then, a potential itemizing on the world’s largest crypto change has been among the many most mentioned subjects inside the PI neighborhood, as most members consider such a improvement may act as a main catalyst for a value explosion.

X person PiCoin Fan just lately argued that backing from the behemoth might certainly set off a rally, however solely within the type of FOMO (concern of lacking out) as liquidity will increase.

The psychological phenomenon occurs when individuals rush to purchase a sure token solely as a result of they’re afraid others will revenue with out them. It often creates a quick, emotional value spike that isn’t primarily based on actual fundamentals however hype. FOMO rallies are sometimes short-lived and adopted by a sharp correction as pleasure fades and early patrons take income.

The analyst claimed that the long-term way forward for PI depends upon constructing a wholesome ecosystem the place Pioneers can really use the token to commerce, make purchases, develop know-how, and launch actual dApps. Without that utility, any value development pushed by FOMO could be unsustainable.

An identical sample performed out final month when Kraken listed PI. The token climbed steadily amid rumors of the upcoming itemizing, reaching a multi-month high of $0.30 as soon as the information grew to become official. The pleasure, although, was short-lived, and the value rapidly dropped again under $0.20.

Waiting for This Development

Another issue that would drive a value revival in Pi Network’s native cryptocurrency is the venture’s ecosystem’s development. Over the previous a number of months, the Core Team has rolled out quite a few updates, with the migration to protocol 22 coming subsequent.

Some neighborhood members revealed final week that the necessary improve have to be accomplished by April 27, however Pi Network has not but confirmed or commented something on the matter.

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