Pi Network price has dropped below $1, down 6.3% to around $0.94
Upcoming token unlocks of 97.65 million Pi over 30 days could add more selling pressure
Expert suggests burning 60-100 million Pi coins to help stabilize the price
Technical indicators show a potential bullish breakout with a falling wedge pattern forming
Pi Network faces challenges with major exchange listings due to transparency concerns
Pi Network’s cryptocurrency has been experiencing steady decline in recent weeks, with the price dropping below the important $1 mark. The digital asset is currently trading at $0.94, representing a 6.3% drop in the last 24 hours. This decline places Pi Coin at more than 66% below its all-time high of around $3 reached earlier this year.
The Pi cryptocurrency’s trading volume has increased by 12% to $284.36 million despite the price drop. This higher trading activity shows that investors remain interested in the token even as its value falls.
Market watchers point to several factors behind the recent price weakness. The lack of confirmation about a potential Binance listing has disappointed many investors who had hoped for wider exchange support. The absence of major announcements from the Pi Core Team has also hurt market sentiment.
A major concern for Pi holders is the upcoming token unlocks. Data shows that nearly 97.65 million Pi tokens worth approximately $93 million at current prices will be released into circulation over the next 30 days. The daily average unlock rate stands at 3.25 million tokens.
April 3rd will see the largest single-day unlock with 6.8 million Pi coins entering the market. Looking further ahead, PiScan data reveals that 115.57 million tokens will be unlocked in April, followed by 182 million in May and 222 million in June.
These massive unlocks could put more downward pressure on Pi Network’s price. However, crypto expert Dr. Altcoin believes there might be a solution to this problem.
Dr. Altcoin suggested on X (formerly Twitter) that the Pi Core Team should consider burning between 60-100 million Pi coins in the coming days. This reduction in supply could help offset the impact of newly unlocked tokens and potentially drive the price back 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.
The total circulating supply of Pi currency was recently reduced to 6.77 billion following the removal of 10 million coins. While some see this as a positive move to maintain value, others have raised concerns about potential market manipulation.
Technical Analysis
Technical analysis provides some hope for Pi investors. The cryptocurrency has formed a falling wedge pattern, which often signals a bullish reversal. Both the MACD indicator and the Percentage Price Oscillator show bullish divergence, suggesting that upward momentum may be building.
If these technical signals prove accurate, Pi Network price could experience a strong breakout in the near future. Some analysts believe a successful breakout could eventually push the price back toward its all-time high of around $3.
Pi Network’s challenges extend beyond price action. Transparency issues around the project’s tokenomics have made major exchanges hesitant to list the coin. Concerns about the locking and burning mechanism of billions of Pi tokens have led to regulatory questions.
Some community members debate whether the delay in securing exchange listings stems from transparency issues or the Pi Core Team’s unwillingness to pay listing fees. Others point to Pi Network’s sell restrictions as potential barriers to wider exchange adoption.
On a more positive note, Pi Network recently announced a collaboration with PiDaoSwap aimed at enhancing transparency and governance within the ecosystem. This community-driven initiative could help improve confidence in the Pi Coin market.
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
For Pi to regain its upward momentum, several catalysts could prove helpful. A token burn announcement would likely boost investor confidence by addressing concerns about oversupply. Securing listings on major exchanges like Binance or Coinbase would also significantly increase trading volume and visibility.
A broader recovery in the cryptocurrency market, particularly a strong Bitcoin rally, could lift Pi along with other altcoins. Until then, investors are closely watching the $1 price level as a key psychological barrier for Pi Network’s future performance.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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By Nermeen Nabil Khear 
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