Despite a highly engaged global community, Pi Coin remains absent from leading crypto exchanges like Binance and Coinbase. The continued delay has sparked frustration among supporters—especially after a recent community poll showed overwhelming demand for Pi’s listing. Now, a prominent crypto analyst known as Dr. Altcoin has revealed what he believes is the real reason behind the stall.
Transparency Concerns Surrounding Pi Network
According to Dr. Altcoin, the primary reason Pi Coin hasn’t landed on top-tier exchanges lies in the Pi Core Team’s (PCT) lack of transparency—particularly around tokenomics. Pi Network’s token burn and lockup mechanisms remain opaque, raising serious concerns about potential market manipulation.
“It’s becoming clearer why Pi isn’t listed on exchanges like Binance and Coinbase,” says the analyst. “The Pi Core Team still hasn’t been fully transparent about the billions of Pi Coins they control or the mechanisms for locking and burning them.”
He points out that Pi’s circulating supply dropped by 10 million tokens, now sitting at 6.77 billion—indicating PCT’s direct ability to adjust token flow. According to him, a previous large-scale token unlock sent the wrong signal to the market, triggering panic sell-offs. This reinforces concerns about the lack of clarity on when, how, and why tokens are burned or released.
Could Market Manipulation Be a Factor?
Dr. Altcoin warns that the absence of transparent mechanisms could be interpreted as preparation for future price manipulation. “Until the Pi Core Team introduces clearer, more accountable systems, exchanges are likely to view Pi Coin as a regulatory or reputational risk,” he adds.
He further notes that if most of the Pi Coin held by the community trades below $1, and if transparency improves significantly, major exchanges might reconsider listing the token. But for now, those ambitions remain on hold.
Community Support Clashes With Exchange Reluctance
Despite its listing struggles, Pi Network’s fanbase remains strong. As reported by The Bit Journal, the project recently crossed 4 million followers on social media—highlighting its viral user adoption.
Adding to the tension, a Binance community poll revealed that 86% of participants support Pi Coin’s listing. However, Binance has yet to act on this demand, intensifying the debate. Many question whether community sentiment is truly considered in Binance’s listing decisions, even as the exchange claims to engage users in the process.
April Unlock Raises Fresh Concerns
Adding fuel to the fire, Pi Network is preparing for another large token unlock in April—just weeks after 188 million tokens entered circulation in March. According to on-chain data from ExplorerPi, over 91.9 million Pi Coins are set to be unlocked, valued at around $83 million based on the current market rate of $0.906 per coin.
The Bit Journal notes that historical data from Keyrock suggests 90% of major unlocks lead to price declines. Without clear communication from the Pi Core Team, the upcoming unlock could once again spook the market and delay potential listings even further.
Conclusion
Pi Coin’s road to major exchange listings continues to be clouded by questions over transparency and control. While community support is undeniably strong, industry experts argue that unless the Pi Core Team builds more trust through clear, auditable mechanisms, top-tier platforms like Binance and Coinbase will likely keep their distance.
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