Pi coin community members are frustrated with the core teamโs recent Pi Domain auction announcement, expecting bigger things to come on Pi2 Day. Paying homage to the ฯ symbol, the double date from 3.14 is sort of a global holiday for the Pioneers, who are expecting Binance to list the token during the January 28, 2025 celebration.
Pioneers Outraged Over Piโs Price Performance
However, the Pi community festivities are overshadowed by the rising number of fuming members, expressing their anger in sarcastic posts on X. To illustrate, Meldin, a strong community voice, has called Pi coin a โ****coinโ due to Piโs considerable underperforming yesterday, when all other major-cap altcoins enjoyed a short bounce.
Additionally, the 31.7% upswing in Pi coin supply on centralized exchanges (CEXs). Going from 263 million Pi tokens in March, the CEX supply for Pi coin rose to 345 million, expanding by 31.1% in just 90 days. Ultimately, this connotes a trend among Pi holders to deposit their earned tokens into exchanges, which usually ends up in a sell-off.
Pi2 Day Flipping The Table For Pi Coinโs Value?
As if that wasnโt enough, another layer of inflation comes from the scheduled Pi Network unlocks, currently pouring 334,724,704.74 Pi tokens on a monthly average. These inflationary tactics could have short-term impact on Piโs price, but are usually overshadowed by strong buying power and high trading volume. However, this case is different.
As we can see from the chart above, Pi coinโs trading power has been on the bearish side since May 23, 2025. The Bull Bear Power (BBP) metric hints that crypto bulls have briefly taken the steering wheel in mid May, tackling $1.23 for a new 30-month high on May 13. The new milestone came amid swirling rumors around Binance listing Pi, but no official updates have arrived.
Moreover, Pi coinโs price is trading below all three Bollinger Bands (BOLL), as the lowest-tier Bollinger envelope underlies the $0.55 territory. As of press time, Piโs price is trading at $0.53 with a sharp drop of 4.4% in 24 hours, according to CoinGecko. This adds up to a 24.9% monthly deficit, while crypto whales continue to show indifference around this price range.
On The Flipside
- The slow trading volume, consuming just above $100 million in daily trades, raises the question if Pioneers consider Pi Networkโs growth sufficient to answer their needs.
- Last weekend, Piโs community lambasted the repetitive .Pi domain auction update coming from Pi Networkโs core team, who are said to be working on the 100-dApp ecosystem.
Why This Matters
Piโs easy mining has gathered over 70 million crypto enthusiasts worldwide, even though only a small fraction of them have transitioned onto Piโs mainnet so far.
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People Also Ask:
Pi Networkโs PI coin supply on centralized exchanges surged 31.1% in Q2 2025, likely due to token unlocks or transfers to exchanges. This isnโt a sale but signals potential sell pressure.
Pi2 Day, set for June 28, 2025, is a major Pi Network event. Community buzz hints at updates like KYC fixes, mainnet progress, or exchange listings, but nothingโs confirmed.
More PI on exchanges often means sell pressure, potentially pushing prices downโsome predict a drop to $0.40 if $0.55 breaks. But Pi2 Day hype might spark a rebound.
Piโs got a strong community, but the supply hike, KYC delays, and market dips add risks. Newbies should do their own research (DYOR) and only invest what they can afford to lose in this effervescent crypto currency space.
Expectations include migration updates, validator rewards, or even a Binance listing, but delays and unlocks keep sentiment mixed. Hype could drive crypto prices up, yet unconfirmed plans mean risks remain.
