Pi Coin Price Drops, Is Binance the Reason?
Pi Coin Price has recently seen a big drop, which has become a cause of concern for investors and the crypto community. At the time of writing the news, Pi Coin Price is $0.8335, down 9.43% in the last 24 hours. At the same time, it has fallen by more than 27% in the last seven days and is showing a decline of more than 70% from its all-time high made on February 26, 2025. Considering the reasons for this decline, many analysts and experts believe that the non-listing of Pi Coin on Binance has had a direct impact on this decline and this could be a major reason for the decline. Let us know the reason for this decline in detail.
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Pi Coin investors were eagerly awaiting the results of a community voting held on 27 February 2025, in which 87.1% voted in favor of listing Pi Coin on Binance. After this, investors expected that Binance would soon announce the Pi Coin Listing, but there was no official announcement from Binance. This led to disappointment among investors, due to which large panic selling has been seen.
After this, Binance broke its silence and announced its decision, in which it said that Binance excluded Pi Coin from its "Vote to List" campaign. The main reason for this was that Pi Coin runs on an independent blockchain, while Binance's campaign is only eligible for projects based on BNB Smart Chain. This was a major reason due to which Pi Coin Price is witnessing a continuous decline. Along with this, uncertainty has increased in the market and investors have now become more cautious. In such a situation, now investors are looking for other options.
Apart from this, it is also important to fix Pi Coin's blockchain migration problems and improve its decentralization. This will help in regaining investor confidence. If these issues are taken care of, Pi Coin can recover from its decline and perform better in the future.There have been many reasons for the recent decline in Pi Coin Price, of which non-listing on Binance is considered to be a major reason. But investors and users are hopeful that if Pi Coin is listed on a major exchange soon and its decentralization and migration problems are solved, then this cryptocurrency can improve its falling price again.