Pi Network has become one of the most talked-about crypto projects in recent years, drawing millions of users despite not being fully listed on major exchanges. Now, the network is gearing up for a major event—unlocking 188 million Pi tokens in March. With the current market supply at 7 billion, this unlock could shake things up.
As excitement builds, all eyes are on what happens next.
Pi Coin Rises Despite Large Token Unlock
Despite the upcoming unlock, Pi Coin has seen a 3% price increase, showing strong confidence from its users. According to ExplorePi data, these tokens will become available to over a million users. However, most Pi holders have chosen to keep their tokens locked rather than sell them.
Data shows that 63% of Pi users have locked their tokens for three years, while another 14% have committed to a one-year lock. This suggests the unlock may not cause heavy selling pressure right away.
Pi Coin has been gaining attention, recently reaching $2.99 before dropping slightly. With millions of tokens set to be unlocked, investors are closely watching how the market will react.
Why Isn’t Binance Listing Pi Coin?
While Pi Network continues to grow, its community is frustrated with Binance for not listing Pi Coin. A recent Binance community vote showed strong support for a Pi listing, but the exchange has not taken action.
In response, many Pi supporters have left negative reviews on Binance’s Google Play listing, protesting the delay. Binance stated that listing decisions depend on factors like market liquidity and trading volume. Though the exchange didn’t directly mention Pi, it acknowledged the complaints.
How Pi Coin Beat Major Cryptos
Despite these challenges, Pi Coin has performed well, recently surpassing major cryptocurrencies like Chainlink (LINK) and Hedera (HBAR) in market value. It now ranks 11th with a market cap of $13.52 billion.
Even as the broader crypto market faces sell-offs, Pi has remained strong, recording a 4% gain in 24 hours and reaching $1.92.
With the token unlock approaching, the big question is: Will this release impact Pi’s price, or will its strong community continue to hold?
