As of March 21, 2025, here are the latest updates on Pi Network:
Price Decline
Pi Coin has experienced a significant drop, falling over 20% today and trading below $1. This decline extends its weekly losses to more than 43%, moving the coin out of the top 20 cryptocurrencies.
Market Sentiment
Investor confidence in Pi Coin is waning due to delays in Binance listing plans and the absence of a clear roadmap for the Pi Network mainnet launch. Analysts caution that if Pi Coin falls below the $0.82 support level, it could trigger a further decline to $0.30.
Token Unlocks and Transfer Issues
Approximately 88 million Pi tokens are scheduled to unlock in March. However, transfer issues have raised concerns among investors, leading to increased skepticism about Pi Network's future.
These developments highlight the challenges Pi Network currently faces, including price volatility, investor uncertainty, and operational hurdles.