Pi Coin Price Drops to $1: Is the Unlock Schedule Too Tight?

28-04-2025
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Pi Network, a highly anticipated open-source cryptocurrency project, is facing the challenge of maintaining the value of its native coin PI above $1. After an impressive start, PI has fallen sharply, causing concern among the Pioneers community. The cause may be due to the tight unlock schedule, along with other factors.

Bearish Pressure from Unlock Schedule

After touching nearly $3 and entering the top 10 cryptocurrencies by market capitalization at launch, Pi Coin has fallen more than 63.3% from its all-time high. One of the worrying factors is the large amount of PI that will be unlocked in the near future. According to data from Piscan.io, 157.525 billion PI (more than 3% of the total supply) will be unlocked within the next 30 days, which could have a strong impact on the price of the coin.

The next important milestone is March 21, 2025, when 23.4 million PI are expected to flood the market. At the current price of over $1, Pi Network could see an inflation of around $25.9 million in 24 hours. The total inflation of Pi cryptocurrency this month could reach $183.33 million, making investors consider the risks ahead.

Community Opposes Binance's Listing Rejection

Another notable development is the strong opposition from the Pi Network community after Binance refused to list PI. On the Binance Square platform, 85% of the votes rejected the non-listing decision, reflecting the disappointment of Pioneers. This led to a wave of one-star reviews on Google Play, App Store, and other platforms, as the community expressed its displeasure.

Despite not being accepted by Binance, Pi Coin is still being traded on major exchanges such as MEXC, Bitget, and OKX. The fact that Binance refused to list it on March 14, 2025 – the International Day of the Mathematical Constant π – has also become a controversial topic in the community.

The Future of Pi Coin: Opportunities and Challenges

Despite the difficulties, some experts still believe that PI has a chance to recover. Analyst Crypto Cove commented that, despite the big drop, shorting PI is quite risky at this time. Pi Coin's market capitalization is still growing rapidly, reaching $7.7 billion, according to CoinGecko.

The key factor for Pi Network to continue to grow is whether major exchanges such as Binance, Bybit, KuCoin, and HTX accept to list PI. If PI is supported on Spot, Derivatives, and staking services, its growth potential will be greatly improved.

Conclusion

The price drop of Pi Coin to $1 may be due to the tight coin unlocking schedule and the impact of Binance's decision. However, with a strong community and a unique mobile mining ecosystem, Pi Network still has a lot of room to regain growth momentum. The event on March 21, 2025 will be an important milestone, deciding the direction of Pi Coin in the future.