The post Pi Coin Price Drops 17% After $175M Token Unlock – What’s Next? appeared first on Coinpedia Fintech News
Pi Network’s price nosedived 17% in a single day, leaving investors in panic. The sharp decline came around the highly anticipated Pi 129 million token unlock worth &175M, which is expected to flood the market with additional supply, potentially driving prices even lower. Despite its strong community and initial buzz, Pi Coin’s struggles are becoming more real, with declining trust and rising concerns about the project’s future.
The recent drop reflects a broader trend of uncertainty surrounding Pi Coin. Many investors had high hopes for the project, but with no clear roadmap and few major developments, doubts have begun to surface. The sell-off signals show that investors are less interested as traders move their funds elsewhere in search of more stable opportunities.
Binance Listing Rejection Adds to Concerns
One of the biggest letdowns for Pi Coin holders was its failure to get listed on Binance, even after 86% of the community voted in favor. Without a major exchange backing it, Pi Coin struggles to gain momentum, making it harder for investors to trade and for the project to grow. This has raised doubts about whether Pi Network is truly moving forward or just stuck in limbo.
Adding to the frustration, Pi Day came and went without any major updates from the team. Many had expected big announcements, but the silence only fueled skepticism. Early supporters, including miners who have been with the project from the start, are now openly calling out the team for not delivering on their promises.
Community Frustration Grows
Pi Network has been in development for six years, yet there is still no clear timeline for its Open Mainnet launch. Unlike other crypto projects that maintain transparency with their communities, Pi’s developers have remained vague about the future. This uncertainty has only added to investor frustration, with many questioning if the project will ever reach full decentralization.
Crypto analyst Dr. Altcoin highlighted that Pi Coin has now dropped to #13 on CoinMarketCap, with its price falling below $1.30. He pointed out that the lack of transparency and progress is driving negative sentiment. The community is demanding clear updates, including a defined launch timeline, new developments such as 100 decentralized apps, and greater transparency regarding the project’s key investors and partnerships.
Another analyst CryptoCove predicted Pi Coin’s drop and took profits after shorting from $1.70 to $1.15, making gains from the 38% crash. Now, he sees shorting as risky and plans to wait for a price pump before considering another short position.
Can Pi Coin Recover?
Despite the recent sell-off, some analysts believe Pi Coin still has the potential to recover if it secures a Binance listing. A successful listing could drive demand and spark a price surge, with some projections suggesting a possible 3X rally. However, without meaningful updates and improved transparency from the Pi Core Team, investors remain cautious. If the team continues to delay progress, Pi Coin risks losing even more market confidence, making recovery increasingly difficult.
