Is Pi Network Gearing Up for a Massive Coin Burn? Here’s How It Could Skyrocket Pi Coin’s Price!

Jakarta, Pintu News – Pi Network recently experienced a significant drop in value, erasing billions of dollars from its capitalization. Concerns about dilution took center stage as more than 1.6 billion coins are scheduled to be unlocked this year.

Amid market conditions that have also seen a decline in the price of Bitcoin BTC->Current BTC PriceRp 0Market Cap-Trading Volume-Circulating Supply- and other altcoins, speculation about burning Pi coins has emerged as a hot topic.

How exactly could this potential coin burn affect the price of the Pi Network?

Pi Network (PI) Coin Burnout Could Be a Catalyst for Price Increase

The upcoming release (unlocking) of Pi Network tokens is one of the causes of the current Pi price drop. Data shows that more than 118 million tokens will be burned this month.

Read also: Pi Network Updates 2FA Security: Will Pi Coin Price Soar?

Meanwhile, in the next 12 months, about 1.6 billion tokens worth about $1.4 billion will be released to the market, with an average of 136 million tokens being unlocked each month.

Pi Network will still experience more unlocking in the future. According to CoinMarketCap, there are currently 6.84 billion tokens in circulation, while the maximum supply stands at 100 billion tokens.

Large token releases are usually bearish for crypto prices as they increase the number of tokens in circulation and reduce the value of existing tokens. In addition, crypto prices often drop before a large token release occurs.

To counter this negative impact, crypto projects often resort to token burning, which sends tokens to a dead address so that they cannot be accessed or used again. This process helps reduce the number of tokens in circulation and can support the price.

If Pi Network implements token burning, it may help increase the price by reducing the supply in circulation.

Two Approaches to Pi Network Token Burning

According to Coingape (3/19), there are two main approaches to Pi token burning. First, by burning tokens belonging to pioneers who did not complete KYC and did not migrate to the mainnet.

An estimated 12 million pioneers have migrated, while at its peak, Pi Network had over 50 million miners. If tokens belonging to pioneers who did not pass KYC are burned, the amount could be huge and have a significant impact on the price.

The second approach is to burn some of the transaction fees generated by the Pi Network ecosystem. At the launch of the mainnet, Pi Network had around 100 ecosystem applications, and this number is likely to grow.

Transaction fees from these applications can be allocated to burning, thus helping to control the supply of tokens and increase their value in the market.

Read also: Pi Coin Sees a Modest Increase, How Much is Pi Network to Rupiah Today (3/20/25)?

If either or both of these methods are implemented, the Pi coin burn could be a positive catalyst for future prices, providing a boost to investor confidence and strengthening the Pi Network ecosystem.

Technical Analysis of Pi Network Price

While there has been no confirmation of a coin burn, market participants believe that it is only a matter of time. If the coin burn happens, coupled with listing on centralized (CEX) and decentralized (DEX) exchanges and a potential Pi ETF, then the impact could be very bullish for the Pi price.

Some speculations even predict that the price of Pi could soar as high as $3.14, corresponding to the value of the Pi constant.

However, before this scenario occurs, there are indications that Pi prices will still be under pressure in the near future.

On the four-hour chart, the price of Pi shows a head and shoulders pattern, which consists of a head, two shoulders, and a neckline. As of March 19, 2025, the price has moved below the neckline at $1.2373, which is a bearish signal.

Read also: 3 Altcoin That Whales Secretly Loaded Up On Before the Bull Run Began!

In addition, the price of Pi also formed a bearish pennant pattern, which consists of a vertical line and a symmetrical triangle. If this pattern continues, there is a possibility that the price of Pi will drop further and break the support level at $1.

Conversely, if the price is able to rise back above $1.8 (right shoulder), then the bearish pressure will be canceled, opening up opportunities for further price increases.

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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 Coin Burn: Is Pi Network Planning a Major Event and How It Will Impact Price. Accessed on March 20, 2025