Once again, the Pi Network currency found itself at the center of the storm, as social media platforms ignited with rumors about a possible listing on the Binance platform. The reason? A mysterious post from Binance's official account containing the symbol π within the platform's logo design was enough to reignite hope within the Pi community. Is the moment of truth approaching? Pi Network is courting Binance once more.
Users have long awaited this step, especially after a widespread voting campaign led by the masses last February, demanding the listing of the currency. Although the platform has not responded yet, hope remains alive, especially since Binance's posts are sometimes known for their elusive style of hinting rather than stating outright.
But the question that remains unanswered is: why hasn't Pi been listed yet? According to observers, the answer lies in concerns about the founding team's dominance over the majority of the tokens, as data from the Piscan site indicates that nearly 700 billion tokens out of 1 trillion are still in the team's hands. This ratio has raised concerns among some investors about the potential for excessive control over the project.
Despite this, signs have begun to emerge that the founding team has decided to take action to overcome these obstacles. Among the notable steps is the launch of the Pi Network Ventures fund worth $100 million, aimed at encouraging developers to build real applications on the network. This step carries indications of a shift towards greater seriousness.
What heightened speculation is that one of the wallets withdrew 70 million Pi tokens from circulation on May 10, coinciding with a 25% price rise over the week. Some analysts considered this move a proactive signal from the whales in anticipation of a major announcement soon.
With all this momentum, Pi could not maintain its recent gains, as its price fell from $1.57 to around $0.86 on Friday morning, raising questions about whether this is just a temporary bubble or if the awaited news will finally materialize. If the listing does happen, its impact would be akin to a 'digital earthquake', especially given the existence of a massive user base that has long awaited this moment.