Pi’s price is holding steady above $1.50, fueled by hopes of a potential Binance listing. Pi Network ( PI ) token officially launched on Feb. 20, coinciding with the launch of Pi Network’s mainnet . Shortly after launch, several centralized exchanges, including OKX, HTX, Bybit, MEXC, Gate.io, BitMart, and Bitget, listed PI for trading. Following these listings, PI’s price surged 36.8% within the first hour, reaching a high of $1.97, according to CoinGecko . However, a rapid sell-off followed as early adopters started liquidating their holdings. As a result, the price plunged from its all-time high of $1.97 to its all-time low of $0.61 on the same day. Adding to the turbulence, accusations of fraud emerged. Bybit CEO Ben Zhou referenced a Chinese report labeling Pi Network a scam, specifically targeting elderly investors. Pi Network dismissed these allegations, asserting its legitimacy as a project that has been in development for six years. You might also like: Pi Network mainnet launch sees Pi coin rally over 35% Despite the initial downturn, PI price appears to be on a recovery trajectory, trading within $1.35 – $1.69 range in the last 24 hours. Today, PI price opened at $1.54 and has so far been holding steady above $1.50 level. At of the time of writing, PI trades at $1.58, with the 24-hour trading volume of $1.02 billion, down by 42% over the past 24 hours. Source: crypto.news Speculation surrounding a potential Binance listing is likely behind this resilience. As of Feb. 22, a community vote on Binance had gathered 212K responses, with more than 86% in favor of listing PI. With the poll nearing its conclusion, investors anticipate that Binance may include the altcoin on its platform, which could influence its price trajectory. However, there is a chance Binance listing may not materialize as criticisms have emerged regarding its potential PI listing. Most notably, Colin Wu , founder of Wu Blockchain, criticized Binance’s decision to revive community-driven listings after seven years, especially with the listing of Pi. He expressed a concern that Binance is prioritizing traffic and user registrations over security and its industry reputation. You might also like: 4 reasons Pi Network price crashed after mainnet launch