The post Pi Network News: Pi to Unlock 188 Million Tokens – Will Price Drop? appeared first on Coinpedia Fintech News
Pi Network has become one of the most talked about crypto projects in recent years, attracting millions of users even without being fully listed on major exchanges. Now, the network is preparing to unlock 188 million Pi tokens in March, adding to its current market supply of 7 billion.
Despite this upcoming unlock, Pi Coin’s price has seen a slight 3% increase, showing strong user confidence in the token.
Pi Network Plans a $188 M Token Release
According to the Explorepi data Pi Network is set to unlock 188 million Pi tokens in March, making them available to over a million users. Even though a large number of tokens will be available, Pi’s holders have shown a strong preference for keeping their coins locked.
As per the ExplorePi data, 63% of Pi users have locked their tokens for three years, while another 14% have locked them for one year. This suggests that even with the token unlock, there might not be heavy selling pressure right away.
Since then, Pi Coin has gained a lot of attention, reaching a high of $2.99 before dropping slightly. Now, with 188 million tokens set to be unlocked, many are wondering how this will impact the market.
Pi Community Pushes for Binance Listing
While Pi Network continues to grow, its community is unhappy with Binance for not listing Pi Coin. A recent Binance community vote showed strong support for a Pi listing, but the exchange has yet to take action.
This has led to frustration among Pi supporters, with many leaving negative reviews on Binance’s Google Play listing in protest.
Binance responded by saying that listing decisions depend on many factors, such as market liquidity and trading volume. While the exchange did not directly mention Pi, it acknowledged the complaints.
Pi Coin Continues to Stay Strong
Despite these challenges, Pi Coin has continued to perform well in the market. It recently overtook big names like Chainlink (LINK) and Hedera (HBAR) in market value, rising to 11th place with a market cap of $13.52 billion.
Even as the crypto market faces a sell-off, Pi has remained strong, recording a 4% increase in 24 hours and reaching $1.92.
With the token unlock just around the corner, all eyes are on Pi Network. Will this release lead to price changes, or will Pi’s strong community continue to hold?
