Pi Network (PI) has made it through the ups & downs of the first three months since moving to the mainnet, counting up over 14 million blockchain users on the network. Despite the initial goal of Pi coin (PI) at double digits, the over 80% downturn since the all-time high of $2.99 in late February has lowered the short-term expectations among the Pioneers.
Pi Coin Price Hit With Tight Unlocking Schedule
Trading below the $0.58 threshold right now, Pi coin price could face some extra selling pressure due to larger than usual Pi Network (PI) token unlocks coming up in the fortnight. To start with, a massive amount of 10.1 million Pi coins are entering the market today, while the rest of the week will have softer token unlocks of around 8 million coins per day.
Since Pi Networkโs native crypto Pi coin is priced below the vital demand territory of $0.60, analysts expect price volatility to increase over the next two weeks. Namely, May 14, 15 & May 16 will be marked with the heftiest unlocks. These three consecutive days will cumulatively pour 42.20 million tokens into circulation, worth approximately $23.3 million, according to PiScan.
Pi Coin Price To Grow After Landing New Listings
Despite the prevailing centralization concerns across Pi Networkโs social media channels, the mobile mining community behind Pi coin is looking forward to securing new listings. However, the community votings on Binance Square or constant requests on X have manifested into more obstacles, as neither of the big three, Binance, Bybit or KuCoin, have listed Pi coin on their Spot offerings.
Right now, Bitget, Gate.io & OKX take up the lionโs share of Pi coin trading volume on Spot markets with 69% of all trades over the past 24 hours. Overall, the volume stood at $55 million, which is relatively low for a TOP 30 alternative crypto currency, in comparison to some peers.
By this metric, Pi Network (PI) trails behind lower-ranked altcoins, such as Polygon (POL), Celestia (TIA) & Ethereum Classic (ETC), while neighboring in the global crypto ranks Pepe Token (PEPE) outscores Pi coinโs 24-hour trading volume by nearly ten times at $503 million.
On The Flipside
- Last time Pi coin price clinched $1 was March 22, 2025, continuing on a downward slope until April 5, when Pi Networkโs native token hit the rock bottom at $0.40.
- Despite centralization concerns, Pi Network claims the Know Your Customer (KYC) & Know Your Business (KYB) verification establishes trust between parties.
Why This Matters
Pioneering the mobile crypto mining field, Pi Network has a lot to offer for entry-level crypto enthusiasts due to easy access, while major listings would improve the coinโs liquidity base.
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