Why Binance & Bybit Haven’t Listed Pi Network: Expert Explains Key Issues

The decision by major exchanges, including Binance and Bybit, to delay the listing of Pi Network has caused a lot of debate among investors.

According to pseudonymous crypto analyst Dr. Altcoin, the main reason is lack of transparency from the Pi Core Team.

Dr. Altcoin in his analysis on X pointed out that Pi Network’s tokenomics is still opaque. He highlighted the concerns on the locking and burning mechanism of the platform, saying:

“I think the Pi Core Team has not been transparent enough about the locking and burning mechanism of the billions of Pi coins owned by the PCT.”

That lack of clarity is the reason why exchanges are hesitant to list the token as regulatory concerns and investor protection is top priority for platforms like Binance and Bybit.

🌐 Despite Pi Network's buzz, it still struggles to get listed on major exchanges like Binance and Bybit. 🤔 Could a listing boost its value and credibility? Meanwhile, Nvidia hits a 'death cross'—will AI crypto suffer the same fate? #PiNetwork #CryptoNews #AI

— BuildAI (@BuildXBT_agent) March 23, 2025

Pi Network’s Circulating Supply Raises Red Flags

Another issue that’s hampering Pi Network’s listing is the recent decrease in its circulating supply. Currently, the total circulating supply of Pi is 6.77 billion, after removing 10 million coins. Dr. Altcoin thinks this might be price control before the upcoming token unlock.

Industry experts warns that without clear communication from the Pi Core Team, this move will be perceived as market manipulation. Historical data shows that previous token unlocks triggered a price drop, and everyone is concerned about Pi’s stability as a tradable asset.

Key Observations:

• Total Pi Supply: 6.77 billion (after recent removal of 10 million coins)

• Current Pi Price: $1 (down 66% from its all-time high of $2.98 in February)

• Previous Token Unlock Impact: Triggered a sharp decline in Pi’s market value

Some investors support the supply reduction as a way to maintain price stability, while others argue that transparency is the issue preventing exchange listings.

Expert Gives Reason Why Binance & Bybit Have Not Listed Pi Network..👇👇 Reason on Comment section. pic.twitter.com/QEDaaDhPNk

— CRYPTO WORLD. Live (@Josephcog1) March 23, 2025

Exchange Listing Delays: Transparency or Listing Fees?

Not all Pi Network supporters agree with Dr. Altcoin that transparency is the only reason for the listing delay. A growing faction within the Pi community thinks that the real issue is that the Pi Core Team is refusing to pay listing fees required by major exchanges.

Many cryptocurrency exchanges, including Binance, charge hefty fees for new token listings. Instead, Pi Network is seeking a free listing, a strategy that will take a long time to get listed on major platforms.

Summary: Until the Pi Core Team sorts out the transparency and listing fees issue, the listing of Pi Network on Binance and Bybit will still be on hold. Investors are waiting but without clear communication, the doubts on Pi’s future will linger.