TLDR
- Pi Network price dropped 17% recently, falling to $1.16 amid a major token unlock
- Failed Binance listing and lack of updates during Pi Day damaged investor confidence
- KYC verification deadline on March 14 caused users who missed it to forfeit tokens
- Community demands transparent roadmap, DApp launches, and partnership disclosures
- Despite price decline, real-world adoption is growing with Chinese businesses accepting Pi as payment
Pi Network (PI) price has fallen 17% recently, exchanging hands at $1.16 while daily trading volume rose 54% to $551 million. The sharp decline comes as a major token unlock approaches, which will increase supply and potentially put more pressure on prices.
The token is now below the $1.50 mark that analysts consider psychologically important. Many experts indicate that trading must remain above this point to have any chance at rallying toward $2.
The recent price drop coincided with the final KYC verification deadline on March 14, 2025. Miners who failed to complete the verification process forfeited their tokens. One user reportedly lost 10,000 PI tokens due to missing this deadline.
Some view the burning of unverified tokens as potentially helpful in the long run. They argue it could create a deflationary effect that might support PI value over time.
The PI coin’s current technical indicators show mixed signals. The Relative Strength Index is at 40, showing weak bearish momentum. On hourly charts, PI is forming a symmetrical triangle pattern that suggests a period of price consolidation.
Binance rejection
One of the main blows to investor confidence came when Binance rejected PI for listing. This happened despite 86% of the PI community voting in favor of the listing. Without major exchange support, many investors have chosen to sell their holdings to limit further losses.
The PI Core Team also disappointed the community by failing to deliver new updates on Pi Day. This was seen as a missed opportunity to rebuild trust and excitement in the project.
After six years in development, many early miners are openly criticizing the team. They point to a lack of visible progress and unfulfilled expectations.
No clear roadmap
A common complaint among PI investors is the absence of a clear roadmap. Unlike most crypto projects that provide transparent timelines, PI Network has remained vague about its path to the Open Mainnet launch.
Community members are calling for immediate action from the team. They want a clear Open Mainnet roadmap, the launch of 100 promised decentralized applications, and disclosure of key investors and partnerships.
Without these steps, investors worry the token price will continue to fall. Some fear the project may never reach full decentralization as promised.
Despite these concerns, there are some positive signs for PI. Real-world adoption is picking up, particularly in China. Businesses ranging from restaurants to retail stores are beginning to accept PI as payment.
🔥 Pi Network is booming in China! 🇨🇳 🔥
The Pioneer map in China is lighting up with countless Pi-accepting locations! 🚀💰
From stores and services to restaurants, the Pi ecosystem is expanding rapidly, proving the undeniable real-world value of Pi Coin.
💡 Decentralized yet… pic.twitter.com/phlL3PELIq— Cryptoleakvn (@cryptoleakvn) March 14, 2025
The expanding user base could drive future demand for the token. Millions remain active in the PI Network ecosystem through the PI Network wallet.
Looking forward, the market remains uncertain as it deals with verification issues, exchange listing speculation, and growing real-world use cases. Whether PI stabilizes above $1.50 or breaks below support levels at $1.20 will likely determine its short-term direction.
For now, traders are closely watching for news about potential major exchange listings and upcoming developments within the PI Network ecosystem.
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