Pi Network Price Today April 8, 2025: Binance Continues to 'Say No' to Pi
Pi Network price today April 8, 2025 decreased by 5.8% compared to yesterday, currently at $0.5821. There are many reasons why Binance still refuses to list Pi Network
Pi Network Price Today April 8, 2025
Pi price on OKX exchange on April 8, 2025 is fluctuating around the price from 0.5378 USD to 0.6225 USD (equivalent to 13,880 VND to 16,070 VND). Thus, at the time of writing, Pi price on OKX exchange decreased by 5.8% compared to yesterday, reaching 15,020 VND
One user shared the view that the Pi Network price cut, while painful, was a necessary reset. According to this person, after the mainnet was launched with so much expectation, Pi's price increased sharply due to speculation rather than actual use value.
The drop weeds out weak investors and underscores that a cryptocurrency's value cannot be based solely on mining methods or delays in identity verification.
This is an opportunity for Pi to return its focus to developing practical applications and building a more sustainable ecosystem.
The reason why Binance still refuses to list Pi Network
One of the major hurdles is that Pi Network has not yet opened transactions on the public blockchain. Although the mainnet was officially launched at the end of 2024, the network is still in a closed state, with transactions only being carried out within the internal ecosystem. Meanwhile, Binance prioritizes transparent and public projects to ensure investor safety.
Additionally, Pi’s token allocation model is unclear. Although the total supply is estimated at 100 billion tokens, only about 6.8 billion are in circulation. In particular, the development team’s sudden removal of 10 million tokens from the supply without any specific explanation raises suspicions of price manipulation. For Binance, transparency in token management is a must.
The legal aspect is also a major obstacle. Binance is currently under regulatory pressure in many countries, especially in the US. Meanwhile, Pi Network has not been recognized by any financial regulatory agency. In Vietnam, cryptocurrencies are not legally recognized; and in China, Pi was once considered a pyramid scheme. Listing Pi could pose serious legal risks to the exchange.
Another weakness of Pi is its lack of liquidity and public trading. Pi is currently mainly traded through OTC channels such as Telegram or some small exchanges, with prices fluctuating wildly. Meanwhile, large exchanges like Binance only select projects that have gone through a clear price establishment process.
Finally, there is the issue of centralization. Pi's node network is completely controlled by the development team. This goes against the decentralization principle that large exchanges like Binance promote, like how Bitcoin or Ethereum operate openly and transparently.
