Following the recent price drop of Pi Coin, the community is actively discussing why Pi Network is not listed on major cryptocurrency exchanges.
Transparency Issues
Crypto industry expert, known as Dr. Altcoin, suggested that the main reason for Pi Network's absence on major exchanges like Binance and Coinbase is the lack of transparency from the Pi Core Team. They allegedly didn't fully disclose the locking and burning mechanisms of billions of tokens under their control.
Token Unlock Pressure
According to statistics, the average monthly token unlock for Pi over the next 12 months is projected to be about 129,567,205 tokens. This volume could significantly impact the token's price by creating supply pressure.
Impact on Price Stability
With the constant influx of large amounts of new tokens into the market, maintaining current Pi Coin price levels will be challenging. This hampers optimistic forecasts, especially with the lack of support from major exchanges.
Transparency issues and potential market manipulation remain the main reasons for Pi Network's absence on major exchanges. Addressing these problems could help the project reach new heights.
