Pi Network Breaks Into the Top 11 Largest Cryptos by Market Cap

Jakarta, Pintu News – Pi Network’s Pi Coin has scored an important milestone by entering the top rankings on the CoinMarketCap page. This achievement confirms the growing recognition of Pi Network in the crypto world, especially as a US-made altcoin.

Despite not yet being officially listed on a major crypto exchange, Pi Network continues to grow rapidly. Increased user adoption and growth in coin circulation show that the ecosystem is solidifying and gaining ground in the market.

Analysis of Pi Coin Growth and Increased Circulating Supply

According to the latest data, Pi Network’s PI token is now ranked 11th on CoinMarketCap, with a market capitalization surpassing $12 billion as of March 4, 2025.

Read also: Pi Coin Soars 7%! Check Out Pi Network’s Latest Price in Rupiah Today (5/3/25)

In addition, data from blockchain explorer Pi Network shows that PI Coin’s circulating supply has increased by 9.5% since the mainnet launch on February 20.

Initially, the circulating supply stood at 6.3 billion PI, but has now grown to 6.9 billion PI, reflecting the increased activity in its ecosystem.

This increased adoption is also reflected in the number of Pi Network downloads which has surpassed 113.2 million on the Google Play Store. This rapid growth signifies the widespread interest in the project, mainly due to its mobile phone-based crypto mining model.

“Pi Network has been downloaded more than 113.2 million times on the Google Play Store,” announced the platform update page on X.

The app’s main advantage is its ease of use as well as its low accessibility, which has been a major factor in its exponential growth. In addition, PI Coin’s adoption as a means of payment is also on the rise.

Recently, Pintu News reported that a growing number of merchants and platforms are accepting PI Coin for transactions, an important step towards real-world utility.

Pi Network Faces Regulatory Challenges

Although mainstream adoption is still in its infancy, this trend shows a growing confidence in Pi Coin’s transaction capabilities.

However, despite its impressive market capitalization, PI Coin’s valuation is still a matter of debate among analysts. Quoting the BeInCrypto page, there are several approaches in determining the value of Pi Coin, including technology valuation and the concept of Global Consensus Value (GCV).

On the other hand, the growth of Pi Network also faces regulatory challenges. Some countries, such as Vietnam and China, have given legal warnings regarding the structure of these projects, citing potential risks to investors.

Read also: Arthur Hayes Predicts Bitcoin Drop – Will BTC Crash to $70,000?

Delayed listing on Binance puts pressure on Pi Coin price

One of the main factors that suppressed Pi Coin’s price was the delayed listing on Binance, despite 86% of voters supporting the token’s listing.

Anticipation of a potential listing on Binance briefly fueled speculation and price spikes, but the protracted uncertainty is now fueling frustration among investors, contributing to a weakening of PI Coin’s price momentum.

However, Binance has not completely ruled out the possibility of listing Pi Coin.

“The launch of this project is still under evaluation, and the decision will be based on our review process and official standards,” Binance said in an official statement.

That’s the latest information about crypto news today. Get more information about crypto academy from beginner to expert level only at Pintu Academy and enrich your knowledge about the world of crypto and blockchain.

Follow us on Google News to get the latest information about crypto and blockchain technology. Enjoy an easy and secure crypto trading experience by downloading Pintu Crypto via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Click Register Pintu if you don’t have an account or click Login Pintu if you are already registered.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. Pi Coin: CoinMarketCap, Binance Listing Delay. Accessed on March 5, 2025