Pi Coin Surges 1,120.23% Despite Binance Exclusion

Binance, the world's largest digital currency trading platform, has launched a new initiative called "Vote to List," which allows users to vote on which tokens should be listed on the platform. However, Pi Network, a highly anticipated project, was notably absent from the inaugural campaign. This exclusion has caused significant disappointment among Pi enthusiasts, who had hoped for the token's inclusion. The "Vote to List" initiative is designed to foster community participation in the decision-making process regarding token listings on the Binance platform. The inaugural campaign features nine projects, including BANANAS31 (Banana For Scale), BID (CreatorBid), Broccoli (Broccoli), Broccoli (CZ’s Dog), KOMA (Koma Inu), SIREN (SIREN), Mubarak (Mubarak), TUT (Tutorial), and WHY (why).

Pi Network's exclusion from the initiative is due to its operation on its own blockchain, rather than the BNB Smart Chain network, which is a requirement for participation. This has led to allegations that Binance is favoring projects based on the BNB network, particularly meme coin projects. Earlier, Binance conducted a community vote to gauge interest in listing Pi Network, with a majority of respondents expressing support. However, the Binance team has not yet acted on this community feedback, citing other factors to consider in the decision-making process. Some argue that projects with strong fundamentals, like Pi Network, should be prioritized over meme projects with no utility. Interestingly, some of the projects included in the inaugural campaign have strong celebrity backing, such as Mubarak, which gained attention after Binance founder Changpeng Zhao expressed his support for the token.

Despite the exclusion from the "Vote to List" initiative, Pi Coin has shown resilience in the market. The token has experienced significant price increases, with a rise of 1,120.23% since February 20. In the last 24 hours alone, the market has seen a surge of 1%. Pi Coin is currently trading at $1.1681, which is approximately 157.44% below its all-time high. Experts predict that if Binance lists Pi Coin, the market could see a new all-time high. Many Pi enthusiasts remain optimistic that the token will be listed on Binance in the near future. Pi Coin has also secured a listing on CoinEx, marking its 12th exchange listing. This development comes amid market struggles and unresolved concerns over a Binance listing. The potential for exchange listings by major platforms could serve as a key catalyst for Pi Network, although these remain possibilities and not certainties.