The Pi coin of Pi Network is one of the most talked-about coins online since it was created in 2019. It became popular because it was mined by millions of users through the Pi Network app. Although usage is still limited, these users still hope that one day it will be listed on an exchange.

Excitement is building and many hope that it will be released. This could really happen, but what might happen next?

There are rumors that Binance, the world's leading cryptocurrency exchange, may be preparing to list Pi. These rumors grew louder after a post went viral on X claiming that Binance listed Pi on June 2. The post even showed an image with Pi's price on the Binance app. This news turned out to be false as there was no confirmation from Pi Network or Binance.

Pi coin has lost 67% of its value within a year. Listing on Binance could immediately drive this price up. This has happened before when Pepe Coin was listed on Binance in December 2024. The memecoin quickly reached an all-time high after this news.

When people see prices rising quickly, they often rush to join in. This is called FOMO or simply fear of missing out. No one wants to miss a quick profit. Therefore, the market will see many more buyers jumping in, hoping they are not too late.

What happens when Binance lists a coin?

If Pi is listed, millions of users who have mined it may try to sell their tokens all at once. At the same time, new buyers will want to rush in and they will start chasing a pump. Such hype can drive the price even higher, but only for a short time.

Coins that pump too quickly often crash shortly after. Although the price of Pepe coin surged after the listing, it then dropped 81% a few days later. That lasted for three months before the market could find momentum to recover.

This pattern is very common in the cryptocurrency space and is called 'pump and dump'. Early sellers in the market can make a profit, but late buyers may lose money as the price drops.

A more recent example is Hamster Kombat (HMSTR). This popular tap-to-earn game has had over 300 million users tapping their phone screens to earn tokens. When its token launched, it also had a lot of hype, but the price dropped over 50% just a few days later. Many blamed poor token distribution and early profit-taking. However, those who lost money were into the millions.

Another risk occurs if Pi is listed not just for spot trading but also for futures trading. Futures trading allows people to bet that a coin will decrease in value. This is called short selling. When many traders short a coin, this will put pressure on the price.

If enough people bet against Pi, the price could collapse, even if interest remains high. This has happened before. For example, coins like SUI and APT dropped quickly after being listed on the futures market. Initially, there was a lot of hype. Then, short selling took over.

In summary, things can change very quickly even in a second in the cryptocurrency space. Yes, being listed on Binance will certainly attract attention, but it is important to be mindful of what may happen after a few hours or days to make better trading decisions.

Community reactions to the listing of PI Coin on Binance

Meanwhile, some users in the Pi community actually oppose the listing right now. In a recent poll on X, many Pi users voted 'no' when asked if they wanted PI Coin to be listed on Binance. They say that the network is not ready.

One major issue is KYC. Users need to pass KYC checks to unlock their Pi. But many say they have been stuck for months. Some say they lost access to their coins or were silenced after complaining on forums. Until these issues are resolved, some users say that listing Pi too early will harm the project.

Additionally, there was a time when Binance held a 'Vote to List' competition. This competition aimed to allow users to vote for the tokens they wanted to be listed. Pi did not make the list. Therefore, it can be said that this exchange currently focuses only on tokens with good trading volume. Furthermore, Binance has strict rules regarding listings. A project must meet certain standards before being listed.