Pi Network Users Unite Against Binance Listing, Say It Shouldn’t Happen

The post Pi Network Users Unite Against Binance Listing, Say It Shouldn’t Happen appeared first on Coinpedia Fintech News

An account dedicated to posting news and updates about Pi Network recently ran a poll on X asking, “Do you want to see $Pi listed on Binance?” However, the responses turned out to be mostly negative.

Binance Listing? Not Until These Issues are Fixed

Some Pi users were excited over the possible listing, but many voiced strong frustrations. According to some users,  a listing should not happen until ongoing KYC issues are fixed. Users are not able to transfer their Pi because people in their security circles haven’t passed KYC, even after completing it. This is a common bug that the community wants fixed before any listings.

Users note that some KYC cases are delayed because fewer people are joining the Pi Validation Program, which needs multiple validators per KYC. One user said his friends did KYC years ago but still weren’t approved, locking 75% of his Pi. He tried the validation program but gave up after waiting a long time. He thinks the system is legit but not fully efficient.

Is Pi Doing It On Purpose?

One user even said that Pi might be delaying KYC on purpose to keep people’s tokens locked. When the user questioned it, he got muted, and he blamed the moderators for not allowing any criticism. There were also claims that Pi locked up their tokens unfairly despite being an early miner. One user claimed that he lost 2,500 Pi just for missing a deadline. 

Pi’s Security Concerns

Users also note that the wallet system needs serious upgrades and that tokens were locked without their consent. A few even warned Binance to be cautious, fearing the project might vanish once people start buying Pi. While newer projects like Bondex are getting listed on Binance, some are confused why Pi still is not listed despite Pi’s massive community.

Pi To Hit All-time Low?

The Pi Network team had set a deadline of March 14, 2025, for users to complete KYC and migrate their balances to the Mainnet. Failure to do so resulted in the loss of a significant portion of their Pi holdings. Users have also called out the lack of transparency, wallet security concerns, and community management issues.

Pi coin’s price has dropped over 13% in the past week, and is currently trading at $0.6449. 275M more tokens worth $176 million are set to unlock over the next 30 days, which may push the price further down.