Tuesday, March 18, 2025 – At the time of writing, the Pi Coin price is trading at $1.09, down 20% in the last 24 hours. The Pi Network (PI) market cap is $7,710,765,783, down nearly $2 billion from last week. This significant loss has dropped the coin to 17th place in the cryptocurrency rankings.
Now, Pi Network investors are watching with concern as Pi Coin’s recent 20% drop in value in just one day. This decline came as 129 million Pi tokens worth an estimated $175 million were unlocked, raising fears of a flood of supply in the market that could further push prices lower.
Historically supported by a robust community and early enthusiasm, Pi Coin now faces significant challenges in maintaining investor confidence. Growing skepticism about its future is palpable, given an ambiguous roadmap and slow progress in development. This uncertainty has led many to reallocate their investments to more stable assets, highlighting a loss of confidence in the cryptocurrency’s potential.
One of the main factors contributing to the decline was the rejection of the Binance listing, despite an overwhelming 86% support from its user base. The absence from one of the largest exchanges severely limits its trading options and growth, plunging the project into a state of operational limbo.
Furthermore, the highly anticipated Pi Day passed without any significant announcements from the team, increasing dissatisfaction and doubt among supporters, especially those who have been with the project since its early mining days. The lack of clear updates and prolonged silence from developers only deepen uncertainty about the network’s commitment to its promises.
In development for six years, Pi Network has yet to provide a concrete timeline for its Open Mainnet launch. The lack of clear communication about future plans has only heightened investor concerns about the project’s viability and eventual complete decentralization.
PI Coin Price Analysis
If the current pessimism persists, Pi is likely to see its value test a critical support at $1.00. A break below this level could lead to a further decline to below $0.85, a level not seen since February.
On the other hand, a recovery could propel the coin to test higher resistances, possibly reaching as high as $1.80 if the market turns in its favor again.