Pi Network on the Brink? Price Could Plunge to $1 – Here’s What’s Behind It!

Jakarta, Pintu News – On March 18, Pi Network saw its price tumble more than 9%, slipping to around $1.26, even as the broader crypto market remained dominated by bullish sentiment.

The decline comes just ahead of a major token unlock scheduled for this month, fueling concerns that Pi Coin could face further downward pressure in the near term.

Despite the uncertainty, growing adoption in China and optimistic market projections hint at a turbulent yet potentially promising path ahead.

Pi Network faces pressure ahead of $175 million token opening

As reported by Coingape, the Pi Network price is experiencing volatility as approximately 129 million Pi Coins, worth around $175 million, will be released this month, according to data from PiScan. Large token releases like this usually increase selling pressure, sparking fears that the Pi Coin price could fall below the $1 mark.

Read also: Pi Network Launches .pi Domains, Digital Revolution or Dead End?

On the other hand, the absence of a listing announcement on Binance also weakened investor sentiment. Many members of the Pi community were hoping that the exchange would list Pi Coin on March 14, known as “Pi Day.”

However, Binance has yet to confirm, fueling speculation and uncertainty in the market.

Despite the negative signals, some analysts remain optimistic about a potential rebound. Crypto analyst Chad Sniper warns that although Pi Coin may drop below $1 in the near term, the price still has a chance to climb back above $3.50 in the long term.

In addition, recent analysis suggests that if Binance does eventually list Pi Coin, the price of Pi Network could jump up to three times.

Pi Network Adoption Surges in China

Although concerns regarding token opening still exist, Pi Network is experiencing rapid adoption in China.

Vietnamese Pi enthusiast Cryptoleakvn recently shared an update on X, which highlighted an increase in the number of locations accepting Pi Coin as payment across the country.

According to the post, many shops, services, and restaurants are now starting to integrate Pi Coin in their transactions. This expansion of the Pi ecosystem shows that the project is increasingly gaining traction in the real world, cementing its function beyond mere speculation.

This growth in adoption can play an important role in stabilizing the price of Pi Network, as increased usage often reduces selling pressure from new token releases.

If more traders and users continue to receive Pi, this could potentially offset some of the negative impact on the market.

Read also: CAKE Crypto Price Update (3/18/25): Surging 40%, PancakeSwap Potential to Touch $3?

Will Pi Network (PI) Coin Plummet or Surge?

The future of the Pi Network price is still very uncertain, with mixed signals from the market. On the one hand, the upcoming token opening carries great risk, increasing the likelihood of a price drop.

However, on the other hand, widening adoption and positive sentiments from analysts hint at a potential recovery.

Currently (3/18), the value of Pi Coin is down about 9% and is trading at $1.26, while Pi Network’s trading volume in the last 24 hours was recorded at $340 million. Interestingly, in the last 24 hours, Pi Coin had reached a high of $1.41, and within a month it was close to $3.

Although the market is still volatile, experts remain optimistic about Pi Coin’s long-term prospects.

Overall, the future of Pi Network’s price remains highly uncertain, with mixed signals from the market. On the one hand, the upcoming token unlock poses significant risks, increasing the likelihood of a price drop.

On the other hand, growing adoption and positive sentiment from analysts indicate a possible recovery.

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*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:

• Coingape. Pi Network Price May Crash to $1, What Lies Ahead for Pi Coin. Accessed on March 18, 2025