Pi Network Price Plummets Below $0.60 After 10 Million Tokens Flood the Market!

Jakarta, Pintu News – Pi Network’s Pi Coin experienced a significant price drop today, bottoming out below $0.60. The main cause was the opening of 10 million tokens which increased selling pressure.

With over 1.4 billion tokens scheduled to be unlocked within the next year, Pi Coin’s price stability is being tested. However, hope still exists with rumors of a possible listing on Binance.

Added Selling Pressure from Opened Tokens

Pi Network is facing a tough challenge with more tokens circulating in the market. According to data from PiScan, 231 million Pi tokens will be unlocked in May, and another 222 million in June.

Read also: Top 3 Reasons Why Binance Hasn’t Listed Pi Network Until Now!

Within the next year, more than 1.4 billion tokens worth over $850 million are expected to hit the market. Today’s opening of 10.4 million Pi tokens is expected to add to the selling pressure. Pi Coin’s price has been in a narrow range since early April, with lower trading volumes.

This price pattern suggests that Pi Coin may be in an accumulation phase according to the Wyckoff Theory, which is usually followed by a large price spike due to traders’ fear of missing out.

Concerns of Listing on the Exchange

Listing on a major exchange such as Binance could be a determining factor for Pi Coin’s further price movements. HTX has already signaled about the possible listing of Pi Coin.

In addition, Pi has also been spotted in Binance’s backend test and update pages, which sparked rumors of an upcoming listing. However, Binance is yet to confirm this.

If Pi Network is successfully listed on Binance, this could be the biggest turning point for Pi. The listing would increase Pi Coin’s momentum, liquidity and accessibility, and help demonstrate its true market value.

Will Pi Reach $1?

Although some Pi Network users hope that the token price could reach $314,159, experts argue that such a target is unrealistic given the current price hovering around $0.60.

Read also: Pi Network’s Price Plummets Despite Surpassing 120 Million Downloads – What’s Going On?

However, if the price of Pi Coin can rise and break the $0.7932 level, then the opportunity to reach the $1 milestone could be getting closer.

This achievement will largely depend on market dynamics and the wider adoption of Pi Coin among crypto investors and users.

With mounting selling pressure and a potential listing on a major exchange, Pi Network’s future looks full of uncertainty but also opportunity.

Investors and market watchers will continue to monitor these developments to see if Pi Coin can overcome these challenges and reach higher price levels.

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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:

• Coinpedia. Pi Coin Price Prediction: 10M Tokens Unlocked Today Pushes Price Below $0.60. Accessed on May 7, 2025