Pi Network, one of the most talked-about cryptocurrency networks in recent months, has officially launched its mainnet, marking the event with one of the largest airdrops in crypto history. This launch, one of the most anticipated in the industry, was met with mixed feelings, ranging from high expectations to severe accusations of fraud and pyramid schemes.
Despite its growing user base, Pi Network has found itself in the middle of controversy over allegations of fraudulent activity. In response, the Pi Network team clarified on February 22 that scammers, who have no affiliation with the project, were misusing the network’s name. A police report in China was also cited, identifying individuals posing as Pi Network representatives. The team clarified that it had no involvement in these acts and had not been contacted by law enforcement.
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Pi Network on Binance
Alongside the legal issues, Binance, one of the largest cryptocurrency exchanges in the world, announced that it is considering listing the PI cryptocurrency. The exchange launched a vote to hear the opinion of the community, which has shown significant support for the Pi Network. The voting period, which ran from February 17 to 27, 2025, was an opportunity for project supporters to express their interest in listing PI on the Binance platform.
While a Binance listing is likely in the coming weeks, it’s worth noting that price projections are based on volume and the history of other projects. As such, with Binance’s trading volume, we could see Pi Network’s price break $5 and even reach higher levels. While many price predictions project Pi Network above $10, this will depend on increased adoption and new listings, and the project still has a lot to show its community.
Pi Network Price Analysis
Pi Network launched on February 20th and reached a price of $2.86 on Gate.io. Hours later, the price corrected, reaching a low of US$0.62. Since then, the price began an upward trajectory, reaching the US$1.75 zone. Since then, it has been trading close to US$1.60.
Even as Bitcoin’s price has been falling, the Pi Network cryptocurrency has held firm with medium-term support between the $1.50 and $1.60 zones. On the upside, PI looks set to test the $2.00 zone, and the next psychological hurdle could be near the $2.80 zone in the near term.
On the downside, the $1.20 and $1.00 zones may be defended by the bulls.