Pi Network Price Falls 1.18% as Binance Listing Delay Speculation Rises

Pi Network's price has declined by 1.18% in the past 24 hours, currently trading just above $0.40, amid ongoing speculation about whether Binance will list Pi Coin. The uncertainty has contributed to recent price volatility, despite a strong community showing of support. A Binance Square poll in February gathered nearly 295,000 participants, with 86% in favor of the listing, yet Binance has not made any official announcements regarding a specific date [1].

Crypto analyst Dr. Altcoin has expressed skepticism about an August listing, pointing out that the Pi Core Team is still working on finalizing the Open Mainnet and tokenomics [2]. This lack of transparency has led to speculation that the August 15 listing might be delayed. Despite the uncertainty, Dr. Altcoin remains optimistic about Pi Network’s long-term potential and continues to accumulate Pi tokens weekly [3].

Whale activity has also been a notable factor in Pi Network’s recent price movements. PiScan data indicates that four of the five largest transactions in the past 24 hours were made by whales, with total purchases exceeding $900,000. One major whale increased their Pi holdings to 351.74 million tokens, surpassing the total holdings of any centralized exchange [4].

From a technical perspective, Pi Network's price recently hit a high of $0.4661 before closing at $0.3950. The token is currently supported by the 50-period Exponential Moving Average (EMA) at $0.3863. A 3% price rebound on Monday helped it reclaim the $0.40 level. The Relative Strength Index (RSI) at 58 suggests a sideways trend, while the Moving Average Convergence Divergence (MACD) has flashed a sell signal, indicating weakening bullish momentum [5].

Despite the recent price drop and technical signals pointing to caution, the long-term prospects of Pi Network remain strong. The project has a large and active community, with over 400,000 active nodes, and a unique mobile-based mining model that has driven its widespread adoption. The Pi Core Team is reportedly taking a measured approach to ensure the blockchain is fully optimized before launching the mainnet [6].

In summary, while the August 15 listing date on Binance remains uncertain, the fundamentals of Pi Network—its growing community, technical capabilities, and whale activity—continue to draw attention from both retail and institutional investors. However, until the Pi Core Team provides a clearer timeline for its Open Mainnet and tokenomics, the price is likely to remain subject to speculation and market sentiment.

References:

[1] title1.............................(https://thebitjournal.com/pi-network-price-struggles-as-august-15-binance/)