TLDR
- Pi Network price has dropped below $1, falling over 6% to reach a 24-hour low of $0.91
- Upcoming token unlocks (97.65 million PI worth $93 million in next 30 days) adding selling pressure
- Expert suggests burning 60-100 million Pi Coins could help stabilize the price
- Lack of major exchange listings like Binance hurting investor confidence
- Reduced unlock rate from 13 million to 3.8 million PI daily could provide price relief
Pi Network’s cryptocurrency has fallen below the critical $1 support level. The token is currently trading at $0.9432, representing a 6.3% decline in the last 24 hours. Trading volume has increased by 12% to $284.36 million as sellers dominate the market.
The digital asset briefly climbed above $1 today before dropping to a low of $0.9109. This volatility has left many investors uncertain about the token’s short-term prospects. Some price predictions suggest PI could decline further to $0.71 in April.
The pressure on Pi Coin comes from multiple directions. There has been a notable absence of positive market catalysts to support its price. Major cryptocurrency exchange Binance has not confirmed a potential listing, which would have boosted investor confidence.
Token Unlock Concerns
A significant factor weighing on the PI price is the upcoming token unlocks. According to market data, approximately 97.65 million Pi tokens worth around $93 million at current prices will be unlocked over the next 30 days. This equals an average daily unlock of 3.25 million tokens.
The largest single-day unlock will occur on April 3, with 6.8 million PI tokens entering circulation. These figures come from PiScan data, which also shows even larger unlocks on the horizon. April will see 115.57 million tokens unlocked, followed by 182 million in May and 222 million in June.
This steady increase in circulating supply creates natural selling pressure. As more tokens become available for trading, prices tend to decline unless there is matching buyer demand. The current market sentiment does not support such demand levels.
Cryptocurrency analyst Dr. Altcoin has suggested a potential solution to the price decline. On social platform X, he proposed that the Pi Core Team should burn between 60-100 million coins in the coming days. Such a token burn would reduce the circulating supply and potentially help the price recover to the $1 mark.
The CEXs have been flooded with unlocked Pi coins, and the PTC will need to burn another 60 to 100 million coins from the circulating supply in the coming days in order to bring Pi back to $1. I am now more confident that Pi is going to return to $1 soon.
DYOR! pic.twitter.com/PooqZX8SsY
— Dr Altcoin (@Dr_Picoin) March 24, 2025
Token burning is a common practice in cryptocurrency markets. It permanently removes coins from circulation, creating scarcity that can support price stability. Whether the Pi Core Team will implement such measures remains uncertain.
The unlock rate is expected to decrease significantly. Daily unlocks will drop from the current 13 million PI to approximately 3.8 million. This reduction could ease selling pressure and allow the price to stabilize.
Exchange Listing Challenges
The absence of major exchange listings continues to limit Pi Network’s growth potential. Binance, the world’s largest cryptocurrency exchange, has not added PI to its trading platform. This lack of institutional support has dampened investor confidence.
According to analysis from Dr. Altcoin, transparency issues may be hindering exchange listings. He pointed to concerns about the locking and burning mechanism of billions of Pi coins owned by the Pi Core Team. These transparency questions could be causing regulatory hesitations.
Some community members speculate that listing fees may be another obstacle. Major exchanges typically charge substantial fees for token listings, which the Pi Core Team may be unwilling to pay. Others suggest that Pi Network’s sell restrictions and potential market manipulation concerns are preventing listings on platforms like Binance and Bybit.
The total circulating supply of Pi currency was recently reduced to 6.77 billion following the removal of 10 million coins. While some investors view this as a positive step to maintain value, others worry that without clear communication, such actions could appear as market manipulation.
Historical data shows that previous token unlocks triggered sharp price declines. This pattern has made investors cautious about future market movements. The value of Pi Coin has fallen significantly from its all-time high of $2.98 in February.
Partnership Developments
Recent partnerships may provide some support for the token’s value. Pi Network highlighted a collaboration with PiDaoSwap, aimed at enhancing transparency and governance within the ecosystem. This community-driven project could improve market confidence.
🔥We are thrilled to announce that we have officially entered into a strategic partnership with @PiDaoSwap_ and have become a DAO member of PiDaoSwap. The PiDaoSwap project is not owned by any single individual – it is 100% community-driven, featuring 100% DAO governance, 100%… pic.twitter.com/MXEVaEXWXK
— Pi News (@PiNewsMedia) March 21, 2025
Such developments, combined with the upcoming reduction in token unlocks, might create a more sustainable trading environment. If demand increases, a price recovery could follow. However, this would likely require improved market sentiment and greater transparency from the Pi Core Team.
Technical analysts have identified key resistance levels that PI must break to resume an upward trend. Some suggest that if Pi breaks out of its descending channel with strong momentum, it could potentially move toward $2 again. However, this would require significant buying pressure to overcome current market headwinds.
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