WILL BINANCE SAVE PI NETWORK? OR IS THIS THE FINAL COUNTDOWN?
It seems like Pi Network's potential listing on Binance is a bit of a mess. Despite 86.8% of Binance users voting in favor of listing Pi Coin in February 2025, the deal hasn't gone through yet. The main reasons for the delay appear to be :
Regulatory Issues: Binance's recent $4.3 billion settlement with US authorities might be causing them to be extra cautious.
Profitability Concerns: Pi Network's slow mainnet rollout and token lock mechanisms might not align with Binance's revenue-first listing strategy.
Community Backlash: Tensions between Pi's vocal community and Binance have risen, with many Pi users expressing frustration and skepticism.
However, there's a twist - a recent poll among Pi Network users showed that a significant majority (over 60-72%) are actually opposed to a Binance listing, citing concerns about:
Unresolved KYC Issues: Many users are stuck in the Know Your Customer (KYC) verification process, with some waiting for years.
Wallet Problems: Users are experiencing issues with balance migration and wallet infrastructure.
Technical Snags: The project's technical indicators are flashing red, with bearish signals and a volatile price path.
Given these challenges, it's unclear whether Binance will ultimately "save" Pi Network. Some sources estimate a 93% chance of listing before June 28 (Pi2Day), but the community remains cautious. To move forward, Pi Network might need to :
Simplify the KYC Process: Streamline verification and reduce wait times.
Upgrade Wallet Infrastructure: Ensure seamless balance migration and real-time updates.
Improve Communication: Publish regular updates and address user concerns.
For now, Pi Coin's price has dropped over 10% in the last week, trading at $0.6526. The project's deadline for KYC completion and mainnet migration is March 14, 2025, and users who don't comply will forfeit access to their tokens .#TrumpVsMusk #pi #BinanceAlphaAlert $