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The decision of top cryptocurrency exchanges to delay the listing of Pi Network has raised eyebrows but one analyst breaks it down.
Pi Network Needs A High Level Of Transparency
Pseudonymous crypto analyst Dr. Altcoin has explained the reason behind Pi Network’s absence on top cryptocurrency exchanges. According to a post on X, Dr Altcoin noted that the reason may be a lack of transparency by the Pi Core Team.

Dr Altcoin noted that the transparency issue revolves around Pi Network’s tokenomics. Per the analyst, information on the locking mechanism for Pi Network remains shrouded in mystery.
“It is likely that the Pi Core Team has not been transparent enough about the locking and burning mechanism involving the billions of Pi coins currently owned by the PCT,” read the post.
At the moment, Pi Network is not listed on centralized exchanges like Binance, Coinbase, and Coinbase. While whispers of an imminent listing are growing louder, Binance excluded the asset from its Vote To List program.

Pi Coin from the Pi Network, which went live on February 20, has witnessed an unprecedented surge in the past 24 hours, skyrocketing by 34.7% to touch an all-time high of $2.16. As per data from CoinMarketCap, the cryptocurrency, which was trading as low as $0.6157 just six days ago, has gained over 242% since its recent bottom on February 20, 2025.
The sudden rally has propelled Pi Coin’s fully diluted valuation (FDV) to $21.37 billion, reflecting renewed investor confidence. The 24-hour trading volume stands at nearly $955.7 million, signaling heightened activity among traders.
Despite the sharp price movement, Pi Coin’s market capitalisation remains at $13.93 billion, with no official circulating supply disclosed. The total supply currently sits at 10.11 billion coins, while the max supply is capped at 100 billion.
Interestingly, the biggest blue-chip cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cardano (ADA), and Tron (TRX), have plunged over 10% in the past 24 hours. Bitcoin slipped below $90,000 for the first time in over a month, marking its latest setback in a broader crypto market downturn.
Volatility and Market Sentiment
Pi Coin’s price action has been highly volatile over the past week. Just seven days ago, it was trading in the range of $0.6423 – $2.06, showcasing extreme fluctuations. However, the recent breakout to $2.16 suggests strong buying momentum, with a 5.9% increase in just the past hour.
Primarily because of the wild fluctuations in price, the Pi Coin has also been facing some severe criticisms. Pi Network continues to face scrutiny, for instance, not just over its market cap ambiguity but also allegations of being a pyramid scheme. Bybit CEO Ben Zhou has openly dismissed the project as a scam, accusing it of preying on elderly investors.
Meanwhile, Binance’s potential listing of Pi Network has sparked fresh controversy. Colin Wu, founder of Wu Blockchain, has criticised the move, arguing that Binance’s emphasis on user registrations and traffic growth could come at the expense of its reputation and security—especially given Pi Network’s contentious nature.
On February 22, Binance updated the results of its ongoing community vote, revealing that 86% of participants support listing Pi (PI) on the exchange. However, the final decision remains undecided. The voting period is set to conclude on February 27 at 23:59 UTC, and if approved, the listing could serve as a major catalyst for Pi’s price movement in the coming days.
All said and done, the sharp uptick does come amid growing speculation about Pi Coin’s potential listings on major exchanges, institutional interest, or a broader crypto market rally. However, questions around its actual circulation and utility remain, making it a high-risk, high-reward asset for traders.
$BTC

LONDON, Feb 25 (Reuters) - Bitcoin hit its lowest in over three months on Tuesday, as nerves in markets over U.S. tariffs reinforced the blow to crypto investor confidence from last week's $1.5 billion hack of ether from the Bybit exchange.
Bitcoin, the world's largest cryptocurrency by market value, broke below $90,000 to its lowest since November 18, falling by as much as 7.5% at one point. It was last down 5% on the day at $89,314.
Global investors have been jittery of late on signs the so-called exceptionalism of the U.S. economy might be fading, while President Donald Trump prepares to impose tariffs.
Trump indicated on Monday his plans to slap a 25% levy on imports from Canada and Mexico from early March remain on schedule, and in a sign of the unease, safe-haven U.S. Treasury prices have rallied sharply, sending yields to two-month lows.

"The macroeconomic situation has been the main reason for the price decline in the last few hours," said Marcel Heinrichsmeier, crypto assets analyst at DZ Bank.
"The continued tariff announcements and the general protectionist stance of the Trump administration once again led to uncertainty and a risk-off move, fuelling fears of a resurgence of trade wars and inflation."
Though, he added, "The Bybit hack and the memecoin turmoil of the past few weeks have contributed to a generally worse mood in the crypto market than at the beginning of the year."
While bitcoin has lost nearly 8% in value in the last week, smaller altcoins have been hit even harder. Memecoin dogecoin and the tokens for the solana and cardano networks have all dropped around 20%, according to CoinGecko.

Bitcoin fell through the $90,000 level overnight, weakened by sell pressure in equities as the crypto market awaits its next catalyst.
The price of bitcoin Tuesday fell 5% to $89,156.20, according to Coin Metrics. Earlier, it fell as low as $86,869.39.
The decline puts the blue chip coin almost 20% off its all-time high reached on President Donald Trump's inauguration day.
"Equities have faced a few difficult sessions over the last week, with top-performing stocks down many times the index, as markets grapple with increased uncertainty under the new administration," said Steven Lubka, head of private clients and family offices at Swan Bitcoin. "This pressure has spilled over into bitcoin and crypto markets."
The S&P 500 on Monday posted a three-day losing streak as it failed to recover from last week's sell-off, driven by concern over a slowing economy and sticky inflation.
"Ultimately, the lack of visible short-term catalysts and pressure from equities creates an environment for profit-taking and pressure from shorts," Lubka added.

Bitcoin's descent triggered a wave of long liquidations, which forces traders to sell their assets at market price to settle their debts. Centralized exchanged have seen $614.5 million in long liquidations in the past 24 hours, according to CoinGlass.
Bitcoin kicked off the year in rally mode, fueled by optimism about the positive changes the new Trump administration was expected to make for the crypto industry. However, since the President issued his widely anticipated executive order on crypto at the end of January – the contents of which were well received by the industry despite its tamer than hoped for language on a strategic bitcoin reserve – the market has had little to look forward to.

Pi Network officially launched its Open Mainnet on February 20, 2025, transitioning from a closed ecosystem to full decentralization. The launch triggered significant price fluctuations, with Pi Coin surging to $1.97 before plunging to $0.737, then rebounding 80% to $1.29.
As of February 24, 2025, it trades at around $1.55, with a 24-hour trading volume exceeding $1.18 billion.
Can Pi Coin Hit the $100 Mark?
Pi Coin has yet to cross the $10 threshold, but somecryptoanalysts believe it has significant growth potential if adoption increases and major exchanges begin listing it.OKXhas already announced plans to enable Pi Coin trading, provided the network meets its listing criteria and completes a successful transition.

As of February 24, 2025, it trades at around $1.55, with a 24-hour trading volume exceeding $1.18 billion.
Can Pi Coin Hit the $100 Mark?
Pi Coin has yet to cross the $10 threshold, but some crypto analysts believe it has significant growth potential if adoption increases and major exchanges begin listing it. OKX has already announced plans to enable Pi Coin trading, provided the network meets its listing criteria and completes a successful transition.
Market watchers suggest that for Pi Coin to reach $100, it will need strong demand, increased trading liquidity, and widespread acceptance as a digital asset. The success of its Open Mainnet could drive further institutional and retail interest, but challenges remain in terms of regulatory approval and real-world use cases.
Can Pi Coin Reach $500?
Looking further ahead, Fortune India reported that if Pi Network evolves into a widely accepted digital currency with real-world use cases, its price could exceed $500 by 2030. However, this depends on several factors, including continuous development, mass adoption, and regulatory compliance.
Analysts caution that without strong real-world utility and continued developer engagement, Pi Coin could struggle to sustain long-term growth. Its ability to evolve beyond speculative trading and establish itself as a widely accepted digital currency will be critical in determining its future value.
What’s Next for Pi Coin?
The focus now shifts to whether Pi Coin can maintain momentum and attract broader adoption. The Open Mainnet launch is a major step forward, but the real test will be how well the network builds utility and trust among users and investors.
With growing interest from exchanges and an active community backing its development, Pi Coin's trajectory remains uncertain. Whether it surges toward $100 and beyond or struggles to find stability in a competitive market will depend on how effectively the network navigates the challenges ahead.
( Disclaimer: Recommendations, views, and opinions expressed by experts are their own and do not reflect the views of Stock Market Adda )