Pi Coin’s price has been volatile, soaring to $2.98 before plummeting to $0.50. This decline has left investors puzzled. One reason for the coin’s struggles could be its absence from major exchanges like Binance and Coinbase, hindering visibility and trading volume. Nguyễn Hà Minh Thông, founder of Cabo Capital in Ho Chi Minh City, shed light on why Binance may not list Pi Token. According to him, while the Pi community might believe they don’t need Binance for listing, a lack of recognition by major exchanges can continue to perpetuate skepticism around Pi’s true market value. 100 billion Pi tokens exist in total but only about 6.8 billion are currently circulating. Unclear tokenomics, concerns surrounding regulatory approvals, and limited liquidity have all contributed to this struggle. 1) Limited Open Market Activity: Pi Network has been operational since late 2024, yet it’s still in an