Pi Coin Plummets 80% After Launch, Binance Listing Debate Rages

Pi Network users were taken aback when the Pi coin price plummeted shortly after its highly anticipated launch. Many holders had high expectations, but the reality was far from what they had hoped for. The developers' performance has been met with criticism from the community, and the token has faced challenges since its inception.

The Pi coin initially surged to around $3 but quickly fell to approximately $0.55, marking an almost 80% drop from its peak. This sharp decline has left some traders concerned that the Pi coin price could continue to fall if the negative trend persists.

Amidst these worries, a page on X called Pi News offered an unconventional perspective. They suggested that Pi coin might have been better off without a Binance listing, arguing that coins listed on Binance often experience a significant drop, sometimes by 90% or more. This view was echoed by some members of the Pi Network community, who believe that Binance has a poor track record and that the exchange is a trap for new tokens. These opinions have led some Pi holders to see the absence of a Binance listing as a fortunate turn of events, despite the token's significant price drop.

However, not all Pi Network community members share this view. Some argue that a Binance listing could have boosted the Pi coin price higher than its current level, citing the exposure and liquidity that Binance offers. Others suggest that the reason Pi is not listed on Binance is due to issues with airdrops and the complexity of the Pi core team's nodes, which could complicate a listing. Additionally, some users have expressed a loss of confidence in the token, with one user stating they are selling their Pi regardless of the Binance situation.

The debate surrounding whether avoiding Binance was a smart move for Pi coin remains divided. While some believe that staying away from Binance saved Pi from an even bigger price collapse, others think that a Binance listing could have been the catalyst the token needed. There is no clear data proving that avoiding Binance helped the Pi coin price, and opinions within the community continue to vary. Analyst Pi News believes that Pi dodged a bullet by not listing on Binance, but others see it as a missed opportunity for significant growth.