Pi Coin Loses 85% Value as Binance Listing Delay Sparks User Frustration

The delayed listing of Pi Network on Binance has intensified frustrations among its growing user base, with many expressing concerns over the lack of transparency and progress from the core development team. Originally anticipated to provide a major boost in liquidity and credibility, the prolonged absence of a listing has instead led to a significant decline in the perceived value of the cryptocurrency. Users report that Pi coin has lost 85% of its value since peaking at $2.85, a decline that many within the community attribute, at least in part, to the lack of availability on one of the world’s largest cryptocurrency exchanges [1].

The delay has sparked widespread criticism on social media platforms, where community members argue that the core team has failed to address user expectations and maintain open lines of communication. One user noted, “The team does not adequately consider the expectations of thousands of people,” highlighting a broader sentiment of neglect [1]. The lack of clear communication has led to speculation and uncertainty, with many investors feeling that their confidence is being eroded by the absence of a concrete timeline or detailed roadmap.

Industry observers have pointed out that a listing on Binance could provide Pi coin with much-needed liquidity and legitimacy, factors that are critical for the long-term viability of any cryptocurrency project [1]. However, the core team has yet to present a clear plan for achieving this milestone. The absence of public statements or updates has further fueled concerns, with some users calling for greater transparency and accountability from the leadership.

The growing impatience within the Pi Network community has also raised questions about the project’s governance and strategic direction. Community members have emphasized the importance of leadership in maintaining trust and momentum. One individual stated, “Leadership empowers both investors and the project; ongoing silence may lead to increased mistrust,” underscoring the sense that the core team must act more decisively to restore confidence [1].

The uncertainty surrounding the listing has also had a ripple effect, potentially deterring new investors and slowing the project’s growth. With the market already reeling from previous valuation losses, many are now watching closely to see how the core team will respond to mounting pressure. Without a clear path forward, the risk of losing both credibility and user base increases, further complicating Pi Network’s road to mainstream acceptance.

The situation highlights a broader challenge faced by community-driven cryptocurrency projects: the need for robust governance and transparent communication. As the delay continues, the core team faces increasing scrutiny and the potential for long-term damage to the project’s reputation. The community remains eager for a clear and actionable plan, and any further delays may only deepen the existing sense of frustration and mistrust [1].

Source:

[1] Pi Network Faces Growing Concerns Over Delayed Binance Listing, [https://coinmarketcap.com/community/articles/68977b028132ce6586ec21af/](https://coinmarketcap.com/community/articles/68977b028132ce6586ec21af/)