Disclaimer: This is just a personal opinion and not financial advice. Always do your own research before investing.
If Pi Network had been listed directly on Binance, it might have caused huge price swings. The price of PI could have shot up, maybe even going over $10. With so many people involved and interested in Pi, the market could’ve become very unstable, with quick rises and drops being normal.
Binance decided not to list PI for now and gave reasons that many think don’t really make sense. Meanwhile, the Pi Core Team is still working hard to make the network ready for everyone.
Most likely, Binance will list PI later—probably when people least expect it. They might do it quietly, without any big announcements. But as we all know, whenever Binance lists a coin, the price usually reacts strongly.