Pi Network Shills Caught Lying About BNP Paribas Partnership — Will PI Coin Crash Further?

Pi Network’s Pi Coin has plummeted by over 80% since its February 2025 mainnet launch, crashing from $3.00 to $0.46 by May 6. A wave of fake news, particularly a debunked partnership claim with BNP Paribas, has amplified the token’s woes. Additionally, rumors of a Binance listing add to the volatility.

Is Pi Network-BNP Paribas Partnership a Legitimate News?

The BNP Paribas rumor originated in Pi Network groups on X, with posts hyping a supposed “Pi Nexus Banking System” API integration. A now-retracted Cointribune article fueled the frenzy, citing a GitHub repository as evidence.

However, researchers later revealed that the repository was an unverified, independent file. This misinformation, spread by accounts like “The Times of PiNetwork” attempted to mislead investors, albeit falling short of inflating Pi’s price.

The hoax exposed Pi Network’s vulnerability to unchecked hype, as its official channels did not intervene to contain the fake news.

Pi Network’s Binance Listing — Is It Happening At All?

The absence of a Binance listing has contributed to Pi Coin’s struggles, which have been compounded by early miner sell-offs, limited real-world utility, and allegations of being a scam.

In February 2025, Binance conducted a community vote, with 86% of participants supporting Pi Coin’s listing. The overwhelming support sparked optimism, with analysts predicting a price surge to $5 or even $10 if listed.

However, despite the vote’s closure, Binance has not confirmed a listing. The crypto exchange’s stringent criteria—emphasizing transparency, liquidity, and decentralization—pose challenges for Pi Network, especially in light of the recent Mantra (OM) token crash.

The project’s centralized control, with the Pi Core Team managing all mainnet nodes, and its “enclosed” ecosystem have raised concerns. Additionally, Binance’s new listing rules prioritize projects on supported blockchains like BNB Chain, which Pi does not use.

Another 50% Crash Next?

Pi Coin could decline by another 50% due to negative fundamentals and a convincing bearish continuation setup.

The “symmetrical triangle” pattern on Pi Coin’s 4-hour chart began forming in mid-April 2025 after a steep downtrend. The price oscillated between converging trendlines, reflecting indecision as buyers and sellers battled for control.

As of May 6, Pi was testing the triangle’s lower trendline at $0.60, confirming a bearish breakdown.

The measured target of this pattern, calculated by projecting the triangle’s height downward from the breakout point, suggests a potential drop to $0.2965—a staggering 53% decline from the current $0.5872.

The 50-period EMA at $0.6003 and the 200-period EMA at $0.7004, both trending downward, reinforce the bearish momentum, offering no immediate support.