Could a Surprise Upbit Listing Send Pi Network’s Price to the Moon?

Jakarta, Pintu News – As reported by Coingape (3/25/25), the price of Pi Network (PI) showed different movements this week. Although Bitcoin and most altcoins are recovering and the crypto market capitalization is approaching $3 trillion, the price of Pi remains below $1.

The value of the Pi token has plummeted about 70% from its highest point this year. So, how high could its potential be if Upbit decides to list it?

Pi Network: Current State

Pi Network’s price continued to slide as investors remained concerned about the potential for further dilution and the absence of a listing on a major exchange.

Read also: Pi Network Price Plunged 12% Today (3/26/25): What Happened?

This year, Pi will unlock more than 1.6 billion tokens, and that number will continue to grow in the next few years – a situation that could cause the value of tokens to erode due to oversupply.

Not only that, the market is also worried about the fact that since the launch of its mainnet, Pi has yet to get a listing on any major exchange. In fact, even though its users have voted massively in favor, Binance has yet to list the token.

For now, most of Pi’s trading activity takes place on exchanges such as HTX, OKX, and MEXC.

Pi Network Could Explode in Value — Here’s What Could Happen If Upbit Lists It

One factor that could potentially push the price of Pi up significantly is if Pi is successfully listed on Upbit, one of the largest crypto exchanges in the world. On Monday alone, Upbit recorded a trading volume of over $1.8 billion.

Listings on Upbit often trigger sharper price spikes compared to listings on exchanges like Coinbase or Kraken. This is because Upbit is the largest crypto platform in South Korea – a country where Pi Network has a very strong user base.

Although official figures were not announced, there are estimates that the Pi Network app has around 1.4 million users in South Korea alone.

A recent example is Orca ORCA6.51%->Current ORCA PriceRp 34.7576.51%Market CapRp 3,71 TriliunTrading VolumeRp 1,23 TriliunCirculating SupplyRp 53.275.204, whose price jumped by 170% in just one day after being listed on Upbit. Apart from Upbit, listing on Coinbase could also drive a spike in the price of Pi, as it would open up access for users in the United States.

Pi Coin Technical Analysis Shows Potential Price Spike

Although Pi Network’s price is currently experiencing a sharp decline, technical analysis indicates that there is a chance of a big surge in the near future. This is because Pi has been slowly forming a falling wedge chart pattern in recent weeks.

Read also: 4 Solana Rivals Set to Explode Before Mid-2025, According to New Data

The wedge pattern is known as a reversal signal that has a high degree of accuracy. In this case, the upper line connects the highest point since February 8, while the lower line connects the lowest point since March 2.

These two lines are now starting to converge, indicating the potential for further price increases – which could even reach an all-time high of $3, or about 230% above the current price.

However, if the price drops through the support area at 0.6120, then this upside projection will be canceled. A drop below that level could trigger a massive sell-off from investors, which would likely push the price to a new low.

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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. How High Would Pi Network Price Surge If It Was Listed on Upbit. Accessed on March 26, 2025