Pi Network Faces Pressure as Major Token Unlock Approaches

Pi Network is facing pressure as its price drops over 8%, reflecting broader declines in the crypto market.

Adding to the uncertainty, a significant token unlock valued at nearly $480 million is set to take place, raising concerns about increased selling pressure.

On March 17, the Pi Coin unlock will surge from the usual 8.94 million coins per day to 23.13 million, worth around $46.27 million. Over the next month, an estimated 268 million Pi Coins—valued at nearly $480 million—will be released, potentially impacting the price.

Piscan.io’s new tracker offers insights into these unlocks but doesn’t account for unreleased tokens.

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Despite concerns, Pi Day (March 14) brings hope for key announcements, especially regarding exchange listings.

Speculation about a Binance listing has grown, fueled by cryptic posts and a past poll showing strong support for Pi. The network’s rising popularity, including 4 million followers on X, adds to the anticipation.

Without official exchange confirmations, speculation may not be enough to ensure a sustained recovery. As the unlock date nears, the market will be watching closely, with volatility expected unless significant updates emerge from Pi Day announcements.

Alexander Stefanov