Over two months have passed since Pi Network won Binance’s community vote with an overwhelming majority – yet the listing never came. Now, with Binance officially publishing a new set of listing guidelines on April 25, speculation has reignited.
Some are hoping the updated process opens a real path for Pi. Others argue that it changes nothing – and that the silence from Binance speaks louder than any announcement.
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A New Structure, but Higher Barriers
The new framework introduces more structure to the listing process. Projects are now expected to first succeed on Binance Alpha, a pre-listing platform focused on early-stage discovery. Alpha currently supports tokens based only on BNB Chain, Solana, Base, and Ethereum.
Futures and Spot listings are reserved for projects that have already proven themselves through strong secondary market performance, stable price action, and active community engagement – with compliance and technical audits playing a larger role than before.
At first glance, it might seem like good news for Pi Network. Binance does mention that Alpha support will eventually expand to more blockchains. The size of Pi’s community could still be an asset in a process that increasingly values user adoption and activity. There are also alternative routes like Launchpool, Megadrop, and HODLer Airdrops – programs designed to help emerging projects gain exposure without going directly through Alpha.
Pi Network’s Challenges Remain
Despite these potential opportunities, the obstacles facing Pi are significant. Pi still does not operate on any of the supported chains, and there is no clear timeline for when Binance will expand eligibility. Even if technical compatibility improves, Pi’s secondary market performance remains a concern.
After crashing to a new all-time low earlier this month, Pi has been trading between $0.60 and $0.65. Volatility has eased, but there are no signs of a sustainable recovery. Over the last month, the token has remained stuck below $0.80, and selling pressure continues to build as massive token unlocks flood the market daily.
Compliance is another major hurdle. Pi Network has faced growing criticism, including accusations from high-profile figures. Binance’s updated rules put a heavier emphasis on regulatory risk and community trust – two areas where Pi’s standing has weakened.
The Silence Speaks Louder
Perhaps the most telling sign is what has not happened. Since winning the Binance vote, Pi has been met with two months of complete silence. Under the old listing process, Binance had every opportunity to move forward. That it chose not to suggests deeper reservations.
Now, with stricter requirements in place, any path to a listing might be even harder to achieve. Even if Pi were to meet the basic technical criteria, it would still need to overcome reputational damage, unstable market dynamics, and compliance concerns.
The Future is Unclear
Technically, Pi Network is not fully disqualified under Binance’s new rules. But in reality, the hurdles are higher than ever. Without major changes in chain compatibility, liquidity, regulatory standing, and community trust, the chances of a near-term listing appear slim.
The door isn’t completely closed. But it’s barely open – and every passing week of silence from Binance makes it heavier to push through.
Read also: Can Pi Network Token Reach $1,000? A Serious Analysis
