Why Pi Coin is Falling: Should You Fear Another Pump-and-Dump?

Pi Coin Price Crash: Signs of Pump-and-Dump? What’s Happening with Pi

Pi Coin Price Today: A Shocking Plunge That Has Everyone Talking

The cryptocurrency market is known for its wild swings, but the recent Pi Coin price drop has left the community stunned. Pi Coin price today is at $0.6852, marking a jaw-dropping 97.86% drop in just 24 hours. 

Despite this, trading volume has unexpectedly surged to $66.31 million—a 773.94% increase. This combination of a massive price drop and heightened trading activity has the Pi Network community questioning what’s really going on.

Pi Coin Crash: What's Happening With Pi Coin?

Pi Coin was once seen as a promising cryptocurrency, hitting an all-time high of $33.742 before stabilizing around $2. But today's Pi Coin crash has sent it into uncharted territory. Losing nearly 98% of its value in a single day has sparked serious concerns among investors. 

Many are wondering: why did Pi Coin value drop today? Is this just typical crypto volatility, or has Pi Coin fallen victim to a pump and dump scheme?

Why Did Pi Coin Value Drop Today?

Several factors have contributed to this shocking Pi Coin price drop:

1. Speculative Trading: After the much-anticipated Pi Network mainnet launch, traders rushed in, driving prices to unsustainable levels. The speculative hype quickly led to massive sell-offs, triggering this severe correction.

2. Fake Listings: The Pi Network has warned users about fake Pi Coin listings on decentralized exchanges (DEXs). These fraudulent trading pairs trapped unsuspecting investors, further destabilizing the market.

3. Uncertainty Around Exchange Listings: One burning question—will Pi be listed on Binance?—continues to create uncertainty. Without a confirmed Pi Coin listing price on major exchanges like Binance, investor confidence remains low.

The Pi Network Mainnet Launch: A Double-Edged Sword

The open Pi Network mainnet launch at 8:00 AM UTC on February 20, 2025, was supposed to be a huge milestone. Instead, it led to chaos. The sudden influx of Pi Coin into the market without enough verified trading options opened the door to market manipulation and speculative trading.

While the mainnet launch was intended to strengthen Pi Coin, it inadvertently exposed the project to vulnerabilities that contributed to the current Pi Coin crash.

Is Pi Airdrop the Reason Behind Pi Coin Dropping?

The recent Pi airdrop introduced a significant amount of Pi Coin into circulation, increasing selling pressure as users who received free tokens rushed to cash out. This influx of coins led to price drop due to an oversupply without corresponding demand.

With around 1.59 billion π coins unlocked and actively circulating, the sudden availability of such a large volume can dilute the market value, pushing prices lower—especially if demand doesn't keep pace.

Is Pi Coin Just Another Pump and Dump?

The extreme price swings have led to debates about whether Pi Coin is simply another pump and dump scheme, similar to previous crypto failures like Libra and Car Coin. While the recent crash has the hallmarks of such schemes, it’s worth noting that Pi Network has a strong community and a long-term vision.

However, the rise of fake Pi Coin listings is alarming. The Pi Network team urges users to trade only through Know Your Business (KYB)-verified exchanges listed on the official website to avoid scams.

Will Pi Coin Bounce Back?

The big question on everyone’s mind is: will Pi bounce back? Several factors will determine whether Pi Coin can recover:

1. Verified Listings: A listing on reputable exchanges like Binance could greatly boost confidence. Investors are anxiously asking why Pi is not listed on Binance yet, and a confirmed listing could drive a positive turnaround.

2. Community Trust: Rebuilding trust within the Pi Network community is crucial. Transparent communication from the team can go a long way in restoring confidence.

3. Ecosystem Growth: Expanding real-world use cases for Pi Coin and rolling out the massive Pi airdrop could help stabilize the market and encourage adoption.

Pi Coin Price Prediction After Mainnet Launch

Many investors are now looking for Pi Coin price prediction after the mainnet launch to gauge the future. While it’s hard to predict exactly, if the Pi Network secures major exchange listings like binance, then it could boost, possibly reaching $50-$100 in the short term and up to $500 if demand surges.and strengthens its ecosystem, there's potential for a significant rebound.

However, if the current issues persist—like fake listings and uncertainty around Pi on Binance—the market may remain volatile.

Final Thoughts: What’s Next for Pi Coin?

The Pi Coin crash has been a massive blow, but it might not be the end of the road. The Pi Network still holds potential, especially with upcoming events like the Pi airdrop and expected binance listing. 

For now, investors should stay updated with Pi news, use only KYB-verified exchanges, and avoid falling for scams. Whether Pi Coin price today represents a temporary dip or the start of a longer decline remains to be seen.

Will Pi Coin price increase in the future? Only time will tell—but for now, caution is key.