Pi Coin is currently trading at $0.5883, marking a 0.1% dip in the last 24 hours. Despite boasting a market capitalization of over $4 billion, the coin remains over 80% below its all-time high. The recent decline is largely attributed to growing selling pressure, as hundreds of millions of Pi tokens continue to flood the market. According to PiScan, 231 million tokens will be unlocked in May, followed by another 222 million in June. Over the next 12 months, 1.4 billion new tokens, worth approximately $850 million, are projected to enter circulation.
Today alone, 10.4 million tokens are set to be unlocked, further intensifying short-term selling dynamics. The influx of supply has kept Pi’s price locked in a narrow trading range since early April, reflecting reduced investor enthusiasm and lower trading volume.
Pi Coin’s Future Hinges on Exchange Listing Developments
Despite mounting token unlocks, the Pi community remains hopeful. A potential exchange listing could serve as a much-needed catalyst. HTX has hinted at a possible Pi Coin listing, while Binance has stirred excitement after users noticed backend test pages mentioning Pi. Though Binance has not confirmed any official plans, the speculation has energized the community.
A listing on a major exchange like Binance would significantly improve Pi Coin’s liquidity and accessibility, while potentially validating its market value. Such an event could also inject fresh investor interest, especially if accompanied by a broader crypto market rally.
Also Read: Pi Network Hits 120M Users but Pi Coin Stalls Below $0.60—What’s Next?
Can Pi Hit the $1 Mark?
Pi’s supporters, known as Pioneers, remain ambitious, with some projecting a long-term value of $314,159—a nod to Pi’s mathematical origin. However, experts remain skeptical, citing fundamental factors and current price levels. Technically, if Pi Coin breaks the $0.7932 resistance, a move toward the $1 psychological threshold could follow. Yet, any significant upside would likely require both a major exchange listing and reduction in token supply pressure.
For now, Pi Coin’s future remains in flux, with market participants closely watching token unlock schedules and exchange developments as key indicators of what’s next.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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