Pi Network, a widely discussed crypto project, is preparing to unlock 188 million Pi tokens in March. This event will expand its circulating supply, which currently stands at 7 billion. Despite concerns over potential sell-offs, Pi Coin has gained 3%, reflecting strong investor confidence.
ExplorePi data confirms that over a million users will receive the newly released Pi tokens. Large token unlocks often trigger price fluctuations, but Pi holders seem committed to long-term holding. According to ExplorePi, 63% of Pi users have locked their tokens for three years, while 14% have chosen a one-year lockup. This suggests that immediate selling pressure may remain low.
Pi Coin has already experienced volatility, climbing to $2.99 before slightly declining. Now, investors are watching to see how this unlock will affect price trends in the coming weeks.
Community Push for Binance Listing Intensifies
As Pi Network grows, its community remains frustrated with Binance’s reluctance to list Pi Coin. A recent Binance community vote revealed strong support for Pi’s listing, yet the exchange has not responded decisively.
Many Pi supporters have protested by leaving negative reviews on Binance’s Google Play Store listing. Binance acknowledged these complaints but explained that listing decisions depend on market liquidity and trading volume. Although Binance did not mention Pi directly, it recognized the rising demand for the token’s listing.
Pi Coin Outpaces Chainlink and Hedera in Market Cap
Despite market uncertainties, Pi Coin has achieved impressive gains. It recently surpassed major cryptocurrencies like Chainlink (LINK) and Hedera (HBAR), securing the 11th spot in market capitalization with a valuation of $13.52 billion.
As the broader crypto market experiences sell-offs, Pi Coin has shown resilience. In the past 24 hours, it increased by 4%, reaching $1.92. This strength has fueled speculation about its potential to break into the top 10 cryptocurrencies.
Will the 188M Unlock Impact Pi Coin’s Price?
With the massive token release approaching, opinions remain divided on its potential impact. Some analysts predict a short-term dip as users cash out their unlocked tokens. However, Pi holders’ preference for long-term staking suggests that significant sell-offs may not materialize.
Read Also: Will Pi Network Secure a Spot in Trump’s Crypto Reserve? All Eyes on March 7 Summit!
Pi Network’s dedicated community continues to play a crucial role in the token’s stability. Whether this unlock triggers a surge or a decline, investors remain confident in Pi’s long-term value.
