Pi coins have risen by 6% in the past 24 hours, showing signs of recovery. The current trading price is $0.64, which has sparked a new round of attention from the Pi Network community. Some traders speculate whether this indicates the beginning of a new upward trend - but not everyone is so sure.
The unlocking of 7.8 million tokens may change the momentum of development.
This price increase coincides with a key event: 7.8 million Pi coins will be unlocked on April 19. This continues the trend of daily unlocks - about 6.8 million Pi coins are released each day.
According to market analyst Dr. Altcoin, most of these newly unlocked tokens are flowing directly to centralized exchanges, exacerbating selling pressure. In the past few days, the circulation of Pi on exchanges has increased from 354 million to 368 million. Meanwhile, the total circulating supply has reached 6.88 billion.
What is the outcome? The market is overwhelmed by sellers. Demand is not keeping up, leading to a price drop, making any upward trend difficult to sustain.
Dr. Altcoin warns that if this trend continues, Pi could fall to $0.30 or even lower. However, he believes that a recovery may begin around late August 2025, when the daily unlock rate is expected to slow significantly.
Pi has still not been listed on Binance - here are the reasons. The content is transferred from the public account: Feng Baobao roasting sweet potatoes.
Even after winning the Binance community vote, Pi has not been listed on the platform. This is because the Pi Network is still operating on a closed mainnet. Users still cannot freely trade or transfer their tokens.
Like other mainstream exchanges, Binance requires projects to meet multiple conditions before going live, such as the full launch of the mainnet, strong liquidity, legal compliance, and clear transparency. Pi Network is unlikely to go live before meeting these conditions.