Celebrating the mainnetโs launch on February 20, 2025, the highly-anticipated Pi Network took a huge blow a few weeks ago, resulting in a 38% price crunch in 14 days. The Pi coin community, popularly known as the Pioneers, have protested Binanceโs decision not to list the freshly arrived altcoin on their exchange, turning down 85% of voters on the Binance Square.
Pi Coin Price To Bump Into $1 Before New Heights?
Despite nearly claiming $3 and knocking on the door of cryptoโs TOP 10 by global market cap upon launch, Pi Networkโs native Pi coin (PI) dipped 63.3% from its all-time high, hit a week after the transition from Beta to Pi Mainnet. On the other hand, the open-source crypto projectโs native token is still 78% up from the day of launch, trading at $1.11 at the time of publication.
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However, looming Pi Network (PI) coin unlocks have raised eyebrows among crypto aficionados, concerned about the potential impact. Conversely, 157.525B Pi coins (PI) will be unlocked over the next 30 days, summing up to over 3% of the total supply. Of course, this could be overshadowed by a swiftly growing market cap of $7.7 billion, according to CoinGecko.
For Pi Network (PI) crypto investors, the next key date to watch out for is March 21, 2025, when a whopping 23.4 million Pi coins (PI) are about to flood the crypto markets. With current prices hovering above the $1 Pi coin benchmark, open-source Pi Networkโs flagship token would see a $25.9 million inflation in a 24-hour window that day, according to Piscan.io.
$183.33M PI Coin Unlocks To Scare Investors Away?
Cumulatively, Pi crypto inflation this month could be worth a whopping $183.33 million, but pro crypto traders such as Crypto Cove donโt necessarily believe in another Pi Network (PI) price dip. โThat was a huge crash. Now I am not going to open short on $PI because now (it is) riskyโ, – asserted the crypto chart analyst to his followers on X and Telegram.
As the Pi community is making a name for themselves with the ongoing Binance feud, itโs clear that this open-source platform powering crypto is not just another altcoin, but is backed by caring crypto aficionados. Despite having a Know Your Customer (KYC) process for identity verification, the project still claims full decentralization and is currently traded at a selection of major crypto exchanges, including MEXC, Bitget & OKX.
Ultimately, the adoption of mobile mining pioneering Pi Network (PI) will heavily depend on whether other major crypto platforms like Binance, Bybit, KuCoin and HTX will be willing to list Pi coin (PI) on Spot, Derivatives and for staking services, which are crucial in any altcoinโs attractiveness as a long-term investment.
On The Flipside
- The Pioneer (PI Network) community indulged themselves in a smear campaign against Binance with one-star reviews on Google Play, App Store and other online platforms.
- Pi token community rage was triggered by Binanceโs decision not to list Pi coin on March 14, 2025, the International Day of the mathematical constant ฯ, inspiring this altcoin.
Why This Matters
Pi Network is known for having among the easiest onboarding processes for a crypto mining platform, using a consensus algorithm powered by the Stellar Consensus Protocol (SCP).
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