Key Insights:
- Pi Coin price has dropped over 30% in the last month, hitting its lowest level since February 2022.
- A token unlock on March 21, 2025, will release 21.2 million Pi Coins, potentially increasing selling pressure.
- Exchange listings and ecosystem growth, including Web3 domain auctions, could support Pi Coin’s price recovery.
Pi Network price decline persists this week, reaching its lowest level since February 2022 and wiping out billions in market value. Following its mainnet launch in February, Pi Coin price has dropped over 30% in the last month. Despite the significant value drop, analysts anticipate a potential rebound toward the $3 mark.
Upcoming Token Unlock Could Affect Pi Coin Price
A key event influencing Pi Coin’s price is the scheduled token unlock on March 21, 2025. This release will add 21.2 million Pi Coins into circulation, valued at around $42.39 million. Historically, token unlocks often lead to increased selling pressure, which may cause short-term price drops. With a large amount of coins entering the market, some investors are concerned about its effect on Pi’s value.
Additionally, over the next year, 1.6 billion Pi Coins are expected to unlock. This increased supply could create challenges for Pi Coin’s price stability. However, the Pi community remains optimistic that ongoing developments will offset these challenges and support a positive price movement.
Exchange Listings Could Boost Pi Coin’s Liquidity
Pi Coin might have a good growth opportunity through listings on recognized platforms such as Binance, Coinbase and Kraken, among others. According to the market analyst Kim H Wong, if Pi gets listed in more exchanges, it will increase its visibility and demand thus increasing its price. By doing so, the visibility on these platforms would probably fetch more investors to come forward.
A Binance listing, for example, would expose Pi Coin to over 200 million global users. Although Pi Network was excluded from Binance’s “Vote to List” program, listings on other platforms could still have a positive impact on Pi Coin’s price.
Ecosystem Developments Could Drive Price
Pi Network has expanded its ecosystem, with recent events such as domain auctions. Buyers can also use them to bid for .pi domains that can act as decentralized Web3 addresses. This broader use of Pi could lead to a reduction in the total supply of coins that are in circulation and thus an increase in the value of the Pi token.
Furthermore, Pi Network has enhanced the platform’s security through the implementation of two-factor authentication or 2FA. Acceptance of Pi Coin by merchants and usage of it as a mode of payment could also contribute to the increasing demand and ultimately the price of Pi Coin.
