The Pi Network rumour mill never really stops. But this week it is spinning faster than usual, and there is an actual reason for it.
A token called SIREN just blew past a $1.2 billion market cap almost immediately after getting listed on Binance-linked platforms, according to CoinGecko data. That one data point was all it took. Within hours, Pi community accounts were doing what they always do: connecting dots, making comparisons, and asking the same question they have been asking for two years now.
Why is Binance still not listing Pi?
It is a fair question. PiNews360, one of the more followed accounts in the Pi community, put it plainly this week. Pi has tens of millions of users spread across nearly every country on earth. Its ecosystem is growing. Its migration numbers are climbing. At some point, the argument goes, Pi simply becomes too large and too liquid for the world’s biggest crypto exchange to keep looking the other way.
What has changed in recent months is that Pi is no longer sitting on the sidelines of the broader market. It is already trading on OKX, Bitget, MEXC, Gate.io, Bybit and HTX. Most recently, Kraken quietly rolled out PI perpetual futures.
Binance Poll Still Shapes Expectations
The current excitement is rooted in past developments. Nearly a year ago, Pi secured around 86% support in a Binance community poll, signaling strong retail demand for a listing.
Despite this overwhelming backing, Binance has yet to take the next step. The delay continues to keep the community in a wait-and-watch mode, with expectations building over time rather than fading.
Price Struggles Despite Growing Hype
While discussions around listings are heating up, Pi’s price action remains under pressure. The token is currently trading near the $0.19 mark, stabilizing after a period of volatility and a steep decline from its earlier highs close to $3.
With a market cap of around $1.84 billion and a circulating supply of 9.81 billion tokens, Pi has struggled to maintain upward momentum. Daily trading volumes remain modest, and recent price movements suggest consolidation rather than a breakout.
The debate within the community remains divided. Some users believe a Binance listing could act as a major catalyst, potentially driving a strong price surge and wider adoption. Others take a different stance, arguing that Pi’s value will come from its internal ecosystem rather than reliance on centralized exchanges.
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FAQs
Binance hasn’t confirmed a listing as Pi may still be completing compliance, liquidity, and ecosystem readiness requirements before approval.
Yes, Pi is available on exchanges like OKX, Bybit, MEXC, and others, showing growing market access even without a Binance listing.
A Binance listing could boost demand and visibility, but price growth also depends on trading volume, liquidity, and overall market conditions.
Not necessarily. While Binance can accelerate adoption, long-term success depends on Pi’s ecosystem growth, real-world use, and user activity.
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