Pi Network Update: Listings, Controversies & What You Need to Know

Pi Network’s Open Mainnet launch on February 20, 2025, has set the crypto community abuzz—with PI now listed on a dozen major CEXs such as OKX, Bitget, MEXC, Gate.io, and more. Here’s the rundown on the current situation:

• Widespread Exchange Listings:

The PI token is now available on multiple prominent platforms. Token allocations and liquidity pools have been set up as part of the launch rollout, giving pioneers—those who mined PI over the past six years—a chance to trade their tokens in the open market.

• Bybit’s Rejection & Controversy:

In a bold move, Bybit’s CEO Ben Zhou publicly dismissed PI as a scam, citing a 2023 warning from Chinese authorities alleging that the project targeted elderly users and leaked personal data. Zhou clarified that Bybit never received a listing proposal from Pi Network, contrasting with the proactive offers received by other exchanges.

• Price Volatility & Market Sentiment:

Following its debut, PI experienced significant price swings. While some platforms initially saw trading at high valuations, intense sell-offs and liquidity challenges quickly drove the price downward. This volatility reflects both the high expectations and the uncertainties surrounding PI’s real-world utility.

• What Does This Mean for Binance?

Binance is currently gauging community sentiment through a poll on whether to list PI. With authentic facts on one side—solid listings on numerous exchanges and a clear tokenomics model—and controversies on the other (questions raised by Bybit’s stance), the decision ultimately rests on how the community values PI’s potential versus its risks.

Stay tuned for further updates as market conditions evolve and community feedback shapes the next steps. Your vote in Binance’s poll is crucial—help decide if PI should join our ecosystem!

Always do your own research before investing. This update is for informational purposes only.

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