Pi Coin has been generating significant buzz following the official mainnet launch of the Pi Network on February 20, 2025. As the mobile-centric blockchain has begun its journey toward full-scale adoption, the coin has already been listed on platforms like OKX and Bitget, resulting in a remarkable price surge. Pi Coin recently crossed the $100 mark, sparking excitement in the crypto community.
However, the major question on everyone’s mind is: Could listings on giants like Binance and ByBit send Pi Coin soaring to $500?
The Impact of Exchange Listings on Pi Coin’s Price
It’s no secret that listing on major exchanges often results in a surge in a cryptocurrency’s price due to increased visibility and liquidity. This has been evidenced by Pi Coin’s rapid price increase after OKX and Bitget made it available for trading. The price jumped from $50 to $100 in a matter of hours following OKX’s announcement, which triggered a wave of optimism in the market.
This has led many in the community to speculate: If Binance and ByBit join the listing bandwagon, could Pi Coin break through the $500 barrier?
Binance’s Reluctance: Will They List Pi Coin?
Binance, the world’s largest crypto exchange by trading volume, has yet to confirm any plans to list Pi Coin. Binance is known for its thorough vetting process, ensuring that listed projects meet all regulatory and functional criteria. However, Pi Network has been surrounded by regulatory concerns, particularly regarding its legitimacy in China. The possibility of Pi being seen as a “pyramid scheme” has led to further hesitations from Binance’s side, which may only be willing to list the coin once it clears all regulatory hurdles.
ByBit’s Rejection: A Barrier to Pi Coin’s Growth?
In contrast to Binance, ByBit has been vocal about its unwillingness to list Pi Coin. CEO Ben Zhou expressed skepticism about the project, and other exchanges like HTX have removed Pi Coin trading pairs. These moves have fueled concerns about Pi Coin’s credibility and may put a damper on its price trajectory, despite the hype.
Will Pi Coin Reach $500?
The dream of Pi Coin hitting $500 hinges on several factors. Key among them are:
- Regulatory Clarity: Pi Network must address ongoing concerns regarding its legitimacy and ensure compliance with global regulations.
- Wider Adoption: The coin needs more real-world use cases and partnerships to fuel demand.
- Exchange Listings: The support from major exchanges like Binance and ByBit is crucial for sustained growth.
What Does This Mean for Investors?
While Pi Coin’s rise has been impressive, potential investors should remain cautious. The regulatory scrutiny and reluctance from some major exchanges could limit its growth. However, if Pi Coin can gain listings on Binance or ByBit and overcome regulatory challenges, it could see a major surge in price. But as always in crypto, volatility is the name of the game.
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