Pi Network News: Binance Rejects Pi Coin Again, Sending Price to All-Time Low

The post Pi Network News: Binance Rejects Pi Coin Again, Sending Price to All-Time Low appeared first on Coinpedia Fintech News

Pi Coin has plunged below the critical $0.60 threshold following a 16% drop in the past 24 hours. Pi has also hit a new All-time low of $0.53. This sudden decline comes after Binance once again excluded Pi Network from its latest round of the “Vote to List” initiative—a community-driven program that allows Binance users to vote on which cryptocurrencies should be listed on the platform.

In the latest voting round, Binance selected 12 tokens: Virtual Protocol, Big Time, UXLINK, Morpho, Grass, Aethir, Walrus, Safe, Zeta, Story, Ondo, and Plume. In the first round, the chosen tokens were BANANAS31, BID, Broccoli,  and KOMA (Koma Inu) among others.

Despite being part of earlier community voting efforts, Pi Network’s absence from the latest list has sparked frustration among Pi holders, who feel overlooked in favor of meme coins and other projects with less utility-driven focus. This sentiment is amplified by the fact that Binance’s voting system is designed to reflect community preferences, yet Pi Network’s strong following was not enough to secure a spot.

Pi Coin Price Analysis:

Pi coin has hit record lows, dropping over 80% since its recent all-time high of $2.981 in February. The network’s mining rate has also fallen by 1.18%, indicating decreasing interest. With major exchanges like Binance still not listing Pi, its market momentum remains weak. However, a breakout above $0.71 could spark a short-term rally.

Binance’s “Vote to List” initiative is intended to give the community more influence in listing decisions, but the exclusion of Pi Network raises questions about the criteria used for selection. While Binance has not yet provided an official statement regarding Pi’s omission, the market’s reaction has been swift, with Pi Coin’s price reflecting the disappointment among its supporters.