A crypto analyst has suggested that Pi Network’s failure to secure listings on major exchanges like Binance and Coinbase stems from a lack of transparency regarding its token supply management.
Dr. Altcoin, an analyst on X, claims that the Pi Core Team’s handling of coin locking and burning mechanisms remains unclear, potentially deterring top exchanges from listing the token. He argues that the team’s ability to adjust supply raises concerns about price manipulation, making major platforms hesitant to support the asset.
The analyst pointed out that Pi’s circulating supply recently dropped by 10 million to 6.77 billion coins, suggesting that the core team may be actively managing supply levels. In the past, unlocking large amounts of Pi tokens has led to panic selling, further fueling concerns about price stability.
Despite strong community demand—evidenced by Pi Network surpassing 4 million followers on social media and an 86% approval rate in a Binance poll—the token remains absent from major trading platforms. Binance has yet to act on the community’s request, leaving Pi supporters frustrated.
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Pi Network’s upcoming token unlocks may add to the uncertainty. In April, over 91.9 million Pi tokens worth approximately $83 million are set to be released, following a similar unlock of 188 million tokens in March. Studies indicate that such unlocks often result in price declines, heightening fears of market volatility.
Concerns over network centralization and governance transparency, particularly regarding SuperNodes, may further delay Pi’s acceptance on major exchanges. Some analysts believe that greater transparency from the Pi Core Team could improve its chances of securing listings in the future.
Kosta Gushterov
