Pi Network boasts a substantial user base, with over 6.5 million active wallets as of October 2024. A significant portion of the Pi supply remains locked by users. For instance, by December 2024, approximately 4.17 billion Pi were locked, with only about 843.72 million Pi available as unlocked supply. This limited circulating supply has contributed to price stability, with Pi trading around $1.61 in March 2025.
However, the scheduled unlocking of 188 million Pi tokens in March 2025 should raises concerns about potential price volatility. An influx of supply without a corresponding increase in demand could exert downward pressure on Pi's price.
Moreover, Pi's inflation rate has been notably high, with the total migrated supply increasing from 1.97 billion Pi in August 2023 to 5.56 billion Pi by January 2025. Such rapid supply growth, if not matched by demand, may further impact the token's value.
The idea of people being impressed with Pi's Market Capitalization is completely unprofessional. With 6+ million active users , a huge supply, most of which are locked, of-course the price was good and stable, and so is is the Market Cap.
However, the forthcoming unlocking of tokens necessitates careful consideration to mitigate potential price volatility and maintain the network's economic equilibrium. People should understand that Pi is a currency which can be mined by everyone, even with strategic lock up to fuel demand, inflation remains very high. It is a guarantee that in future, the price will even drop higher.
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