Pi Coin Faces Steep Decline as Market Cap Drops and Major Token Unlocks Loom

Pi Coin has experienced a dramatic decline in value, shedding around 70% from its peak price.

After hitting an all-time high of $2.98 last month, the token is now trading at approximately $0.80, signaling a significant shift in investor sentiment.

Over the past month, Pi Coin’s price has plummeted, and its market capitalization has also taken a hit, now standing at about $5.48 billion, marking a notable drop from its previous ranking among the top 15 cryptocurrencies.

Compounding the negative outlook, a large volume of Pi tokens—105 million, valued at around $85 million—will be unlocked in the coming month. This could put even more downward pressure on the price as the market absorbs the additional supply.

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The biggest unlock event is set for April 3, when 6.8 million tokens will be released in a single day, amplifying concerns about the token’s future price stability.

Additionally, Pi Network is continuing its mainnet migration, shifting from phone number-based authentication to an email-based Know Your Customer (KYC) verification process. While this transition is part of the network’s ongoing development, it has done little to alleviate concerns among investors.

With the upcoming unlocks and the recent market downturn, many are questioning the future of Pi Coin, leaving its community uncertain about the token’s long-term prospects.

Alexander Stefanov