Pi Network’s PI coin has been one of the most talked about coins online as far back as 2019 when it was created. It gained popularity because it was mined by millions of users through the Pi Network app. Although the use is limited, these users had hope that someday it would be listed on an exchange.The excitement is building and many are hoping that it goes live. This might actually come though but what could happen next after that?
There have been rumors that Binance, the world’s leading crypto exchange, might be getting ready to list Pi. These rumors got louder after a viral post on X claimed that Binance had listed Pi on June 2. The post even showed an image with Pi price on the Binance app. The news turned out to be fake because there was no confirmation from either Pi Network or BinancPi coin has lost 67% of its value over the one year. A listing on Binance could send this price up high immediately. This has happened before when Pepe Coin was listed on Binance in December 2024. The memecoin reached an All-time high quickly after the news.When people see prices rising fast, they often rush in. This is called FOMO or simply fear of missing out. Nobody wants to miss a quick profit. So the market will see more buyers jump in, with hopes that they’re not too late.
What happens when Binance Lists a Coin?
If Pi gets listed, millions of users who mined it may try to sell their tokens at once. At the same time, new buyers would want to rush in, and they will start chasing a pump. That kind of hype can push the price even higher, but only for a while.
Coins that pump too fast often crash soon after. Although Pepe coin price surged after the listing, it later went ahead to drop 81% days later. That went on for three months before the market could find the momentum to recover.