Pi Network (PI) is navigating turbulent waters as its price plunged 10.20% in the last 24 hours, trading at $1.42. The market cap dropped 8.74% to $10.34 billion, while trading volume surged 129.91% to $966.16 million, suggesting panic selling is amplifying bearish pressure.
With Pi Day (March 14) approaching, speculation is rising about a potential rally to $3.14 in homage to the mathematical constant π (pi). However, the current bearish trend casts doubt on such predictions.
Massive Pi Transactions Spark Panic
According to PiScan (@piscanofficial), large outflows from the Pi Core Team (PCT) wallets coincided with the recent price decline:
March 7: 89.7 million PI moved out
March 8: 36.4 million PI moved out
These significant transactions suggest a potential sell-off, raising concerns about liquidity pressure and market stability.
Rumors suggest that Pi Network is in the “Task” phase on Binance—a potential precursor to its official listing. Some reports indicate that a $50 million listing fee could be involved, possibly explaining the Pi Core Team’s recent fund movements.
Increased Liquidity: A listing would open PI to millions of traders.
Higher Credibility: Binance listing boosts trust in crypto projects.
Historical Impact: Many coins see massive price surges post-listing.
However, Binance has not officially confirmed a listing.
The cryptocurrency industry thrives on competition, and the meteoric growth of the PI network has shocked the market. Some analysts believe that the CEOs of bybit are strategically spreading FUD (fear, uncertainty, and doubt) to maintain market share.
According to Zhou, Pi Network is even riskier than meme coins because it attracts people who aren’t familiar with cryptocurrency. Since they don’t fully understand digital currency, they might be more vulnerable to potential risks.
Why Pi Network is a Threat to Bybit:
Rapid Exchange Adoption: Since PI got listed, OKX, Bitget, and MEXC have seen huge user growth.
Community Strength: With 60M+ active users, Pi Network is a dominant force in crypto.
Despite criticism, Pi’s momentum remains strong, fueled by a dedicated community and increasing exchange interest.
Short-Term Forecast (March - June 2025)
Key Support: $1.20
Resistance Levels: $1.75 - $1.88
Bearish Scenario: If PI drops below $1.20, a plunge to $0.60 is possible.
Bullish Scenario: Binance listing confirmation could trigger a surge toward $3.14 or higher.
With an RSI of 35.50, momentum remains weak, suggesting caution. However, renewed interest in Pi’s utility and exchange listings could shift sentiment.
Source- TradingView
Mid-2025 Estimate: $2.00 - $5.00 (if exchange listings expand and adoption increases)
2030 Projection: $100+ (if Pi Network builds a strong ecosystem)
Potential Risks: Oversupply (100 billion max tokens), regulatory challenges, and market conditions.
If Pi Network secures mainstream adoption and partnerships, its long-term potential remains promising.
The #ListPiOnBinanceNow campaign is gaining traction on X (formerly Twitter). In a February 2025 Binance poll, 87.10% of respondents supported a Pi listing.
Historically, Binance listings drive massive visibility and trading volume. However, until official confirmation arrives, traders should proceed with caution.
Short-Term Spike: Prices could surge above $3.14.
Post-Hype Correction: A retracement could follow if hype fades.
Long-Term Growth: Depends on ecosystem development & utility.
Pi Network is at a critical juncture. While short-term volatility is high, long-term success depends on:
Exchange Listings (Binance, Coinbase, etc.)
Real-World Adoption & Utility
Regulatory Clarity & Market Conditions
For Risk-Takers: Buy PI now & hold for Binance listing speculation.
For Cautious Investors: Wait for confirmed adoption before entering.
For Short-Term Traders: Watch key levels ($1.20 support, $1.88 resistance).
Also read: FIFA Coin Crypto Price Prediction: What’s Driving the Volatility?Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.