Why Is Solana Dropping While Pi Coin Surges? Is Binance the Reason?

By / / Crypto News, Daily News
Why Is Solana Dropping While Pi Coin Surges? Is Binance the Reason?
Table Of Contents
  1. Solana & Pi Coin Price Performance
  2. Why Is Solana Falling While Pi Coin Is Rising?
  3. Is Binance Selling Solana to Accumulate Pi Coin?
  4. Solana Price Forecast – Will SOL Recover?
  5. Final Thoughts

The crypto market3 is buzzing with speculation as Solana (SOL) faces a steep decline while Pi Coin (PI) experiences an unexpected surge. Investors are questioning whether Binance is offloading SOL in favor of PI, especially with increasing rumors about a potential Pi Network listing on Binance.

Solana & Pi Coin Price Performance

At the time of writing:

  • Solana (SOL) is trading at $141.92, marking a 17.07% decline over the past week. Its market cap stands at $70.71 billion, with a 24-hour trading volume of $5.25 billion.
  • Pi Coin (PI), on the other hand, is surging, currently priced at $1.89, reflecting a 20.90% daily increase and an 11.57% gain over the week.

This sharp contrast in price movement has fueled speculation over Binance’s role in shifting market sentiment.

Why Is Solana Falling While Pi Coin Is Rising?

Solana’s Decline – Investor Uncertainty & Market Controversies

Solana’s price drop can be attributed to several key factors, including:

  1. Security Concerns – The Bybit hack and Libra coin scam have shaken investor confidence, prompting many to sell off SOL holdings.
  2. Declining Network Activity – Solana’s total transfer volume has plummeted from $1.99 billion (Nov 19, 2024) to just $14.57 million (Feb 23, 2025), indicating lower adoption and investor participation.
  3. Bearish Market Sentiment – On-chain data suggests many investors are in unrealized losses, leading to fear-driven selling.

Pi Coin’s Surge – Binance Listing Speculation & Growing Hype

Pi Coin, which has remained highly speculative, is gaining traction due to:

  1. Potential Binance Listing – Investors are hopeful for a Binance Pi Coin listing, especially after the latest Binance voting round, where over 222,290 votes were cast in favor of listing PI.
  2. Mainnet Launch – The Pi Network’s recent mainnet activation has driven speculation that a major exchange listing is imminent.
  3. Shift in Investor Sentiment – Many traders are reallocating funds from SOL to PI, betting on stronger short-term gains.

Is Binance Selling Solana to Accumulate Pi Coin?

Rumors are swirling that Binance might be liquidating SOL holdings to invest in Pi Coin. Several large SOL transactions have been detected from Binance’s hot wallet to exchanges like Wintermute, Kraken, and Coinbase, fueling concerns that the exchange may be dumping SOL.

While Binance has not confirmed these speculations, such movements raise questions about institutional strategies behind Pi Coin’s sudden price pump.

Solana Price Forecast – Will SOL Recover?

Technically, Solana is in a bearish trend, especially after breaking the $180 support level.

  • If SOL drops below $140, further declines to $120 or even $100 are possible.
  • However, if SOL rebounds, it may first retest $180 and, in a bullish case, aim for $258.
  • Analyst Ali Martinez suggests that if SOL breaks below $130, it could crash to $65, though this could also present a buying opportunity for long-term investors.

Final Thoughts

Solana’s price struggles due to security concerns, investor fear, and declining network activity, while Pi Coin benefits from Binance listing speculation and rising hype.

Whether Solana will recover depends3 on market sentiment, investor confidence, and future adoption trends. Meanwhile, the crypto community remains on high alert for any confirmation regarding Binance’s next move.

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