Binance, the world’s largest cryptocurrency exchange, is facing a wave of criticism from Pi Network supporters after failing to list Pi Coin despite strong community interest. This backlash has resulted in a significant drop in Binance’s app ratings across both Google Play and the Apple App Store.

Mass One-Star Reviews Flood Binance

Following Binance’s decision not to list Pi Coin, Pi Network enthusiasts took to social media to urge others to leave one-star reviews. A Facebook group with over 135,000 members called for users to rate Binance poorly for "disrespecting the Pi Network project." Similar posts spread across Facebook and X (formerly Twitter), leading to a coordinated effort.

As a result, Binance's Google Play rating plummeted from 4.9/5 to 3.8/5, while its App Store rating dropped from 4.8/5 to 4.2/5. Many of the negative reviews accused Binance of "tricking users into depositing money to vote for Pi" and "failing to recognize Pi Network’s legitimacy."

Between February 17 and February 27, Binance conducted a poll via its Binance Square Official account to gauge interest in listing Pi Coin. Over 85% of respondents supported the listing. However, Binance later clarified that the poll results were for reference only and did not guarantee any action.

On March 1, Binance updated the poll results but did not commit to a Pi Coin listing. Instead, it reiterated that all listings must go through rigorous due diligence, including an evaluation of the project's team, market demand, technology, and compliance factors.

According to Hoang Anh, an administrator of a large Pi Network Facebook group, many Pi supporters mistakenly believed the poll would directly result in a listing. Their frustration grew when they realized they had deposited funds and completed identity verification with no tangible outcome.

Concerns Over Pi Network’s Viability

While Pi Network enjoys a large user base, blockchain analysts warn that its long-term sustainability remains uncertain. Despite launching its mainnet in February 2025—six years after its inception—the network has yet to release critical elements such as smart contracts and open-source code.

Furthermore, Pi’s decentralized claims are questionable. Unlike other cryptocurrencies that operate on distributed networks, all active mainnet nodes are currently controlled by the Pi Network team. These factors raise concerns about the project’s credibility and decentralization.

This is not the first time Pi Network supporters have taken action against exchanges. Rival exchange ByBit faced similar backlash, with its Google Play rating dropping from 4.7/5 to 2.8/5 after its CEO, Ben Zhou, warned that Pi Network could be a scam.

Despite the backlash, Binance and other major exchanges remain hesitant to list Pi Coin. Analysts believe that unless Pi Network resolves its transparency issues and demonstrates real utility, its path to mainstream adoption will be challenging.

“Further alienation of exchanges could hurt the Pi project more than it benefits it,” warned Hoang Anh. “If Binance and others continue to avoid Pi Network, it may struggle to gain legitimacy in the broader crypto market.”

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