Pi Network plans to unlock 188 million PI tokens next March for over 1.1 million users. Analysts think high demand will prevent price drops despite this large release.
Pi Network has become a popular crypto project recently. After its mainnet launch in February, the Pi price increased almost 100%, reaching $2.99.
CoinMarketCap now ranks Pi as the 11th largest cryptocurrency, higher than Chainlink and Stellar.
Pi Network’s market value is currently $13.6 billion, with 91% of users feeling bullish.
Pi Network Community Expecting the Binance Listing Decision
Many Pi Network users want Binance to list Pi Coin. A Binance community survey showed support for listing, but Binance has not listed it.
Pi fans have criticized Binance for this delay. Binance says listing depends on trading volume and market liquidity.
Releasing 188 million tokens will impact Pi’s price. Pi Network did a large airdrop recently, distributing 6.3 billion coins worth $12.6 billion at peak value.
Over 11.5 million people have Pi accounts. Most users have locked up their Pi tokens for 1 to 3 years. This means immediate selling pressure might be limited.
Currently, Pi trades at $1.92. Its price increased 1% in the last day. More businesses in Asia and the US are starting to accept Pi as payment, which increases its real-world use.
Also Read: Pi Coin Holders’ Next Steps After DEX Launch
