The future of Pi Network on Binance is now uncertain. Bybit co-founder and CEO Ben Zhou made a shocking statement. He didn’t just reject Pi Network; he called it “more dangerous than meme coins” and likened it to a Ponzi scheme.
With Binance yet to confirm Pi’s listing, Zhou’s comments may have jeopardised Pi.
Ben Zhou’s Harsh Rejection of Pi Network
Zhou raised several serious concerns about the Pi Network. He criticized Pi for claiming users could earn money by pressing a button. However, Pi never explained how those rewards were generated.
Pi users have been mining for years, but many still haven’t received anything valuable. Leaked internal information has also raised doubts about Pi’s operations. Zhou believes Pi could operate like a Ponzi scheme, benefiting early adopters at the expense of new users.
Zhou’s biggest concern is that, unlike meme coins, Pi attracts users who are unaware of crypto risks. He believes this makes Pi even more dangerous.
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Will Binance List Pi Network?
Zhou’s harsh words might cause Binance to rethink its decision. Binance recently introduced a “Vote to List” system. Pi Network won the vote with 87.1% in favour, but Binance has yet to announce a listing.
Why the Delay?
Several factors may explain the delay in Pi’s listing:
- Regulatory Concerns: Pi might not meet legal requirements, which could put Binance at risk.
- Lack of Clarity: Binance might need more details on Pi’s mainnet migration and how users can trade their mined coins.
- Bybit CEO’s Warning: Binance may reconsider its decision after Zhou’s strong statement to avoid controversy.
The KYC deadline for Pi users is quickly approaching on March 14, 2025. As the deadline nears, Pi supporters are growing impatient.
Pi Network vs. Binance Debate Continues
Pi enthusiasts are frustrated. Many are asking why Binance hasn’t listed Pi yet. Some even flooded the Google Play and Apple App Store with one-star reviews, demanding answers.
Meanwhile, comparisons between $pi and $BNB values are sparking debates among Pi supporters. Could there be more at play than just the community vote?
Will Binance List Pi or Reconsider?
Binance’s next move is unclear. Pi supporters want the listing, but Zhou’s comments cast serious doubt. If Binance proceeds, it risks a backlash from critics who agree with Bybit’s CEO.
If Binance backs out, it will disappoint thousands of Pi supporters. The outcome of this situation is crucial for Pi Network. Will Binance finally confirm the listing, or has Zhou’s warning ruined everything?
