Celebrating the mainnet's launch, Pi Network (PI) Took a Huge Blow

Celebrating the mainnet’s launch on February 20, 2025, the highly-anticipated Pi Network took a huge blow a few weeks ago, resulting in a 38% price crunch

The highly-anticipated Pi Network mainnet launch on February 20, 2025, 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 Binance’s 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 crypto’s TOP 10 by global market cap upon launch, Pi Network’s 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 project’s 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.

3.7M $PI will be unlocked today. This is a low number that will likely not affect the overall market. Accumulating more $PI now.

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 Network’s 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 don’t necessarily believe in another Pi Network (PI) price dip. “That was a huge crash. Now I am not going to open short on $PI because now (it is) risky”, – 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