Pi Price Crash: Is $0.71 Inevitable Amid Binance Listing Delay and 97M Token Unlock?

After the Pi coin received an 86% approval vote from the Binance’s community, many were anticipating its listing. However, as the silence from both Pi network and Binance continues, many community members have become confused and frustrated. This has led to a continuous decrease in Pi prices and bearish sentiment in the token market. A statement from a creator who is connected to the Pi project is now shedding some light on this problem. Based on this statement, the lack of transparency from the Pi team is the main cause of this delay.

Pi Playing with Fire? Market Manipulation Risk Loom

The crypto analyst Dr Altcoin explained that Pi Network’s tokenomics have remained unexplained. Furthermore, the burning mechanism for the Pi token also remains unexplored. “It is likely that the Pi Core Team has not been transparent enough about the locking and burning mechanism involving the billions of Pi coins currently owned by the PCT.”. An event that has strengthened these doubts is the unannounced 10 million decrease in circulating supply. Dr Altcoin believes this is a price control measure from the team. “Without transparency, this could easily be misconstrued as potential plans for market manipulation, as we have seen indications of this in recent days,”.

However, not all community members have been satisfied with this reasoning. Based on the community’s theory, the coin remains unlisted because the team refuses to pay the listing fee for the exchanges. This means that the Pi core team are looking to get free listings on various exchanges. As such, the community is criticising the developers as this means further delays and late listings. This comes as a new unlocking event is also taking place in the Pi market. Based on the previous Pi token unlocking events, this could crash the value very badly. 

Pi Faces Pressure: 97M Coins Unlock, Price Dips Below $1

An upcoming Pi token unlock event will be releasing 97M tokens with an estimated worth of $93M in 30 days. This equals an average unlock of 3.25M Pi per day and 6.8M Pi coins on April 3. Additionally, according to PiScan data, Spril alone will be seeing another 115.57 million tokens being unlocked. Then, in May, 182 million more will be released, followed by June’s 222 million token unlocking event. As such, the community is worried about the decrease in the future Pi price. However, Dr Altcoin once again has shared his opinion in an X post on how to stop these price decreases.  

The CEXs have been flooded with unlocked Pi coins, and the PTC will need to burn another 60 to 100 million coins from the circulating supply in the coming days in order to bring Pi back to $1. I am now more confident that Pi is going to return to $1 soon.

DYOR! pic.twitter.com/PooqZX8SsY

— Dr Altcoin (@Dr_Picoin) March 24, 2025

As the unlocking process started, the value of the Pi token tanked below the $1 price mark. The price downtrend pished Pi’s value as low as $0.911 before the price recovered slightly. As of this writing, the Pi token is trading at nearly $0.9526. Based on Dr Altcoin’s X post, 8 million tokens have entered the CEXs, which has resulted in a Pi price drop. This cryptoanalyst has also presented a way of mitigating this. He suggested that the Pi network burn 60 to 100 million tokens to stabilise the price, reclaiming $1.

Pi Coin’s Rally Fizzles — Bears Take Control 

Today’s Pi price drop marks a 7.2% decrease in 24 hours and a 34.7% fall in 7 days. Additionally, the trading volume for this coin decreased by 12%, dropping to $284.36 million. This comes at a time when the value was finally able to reclaim the $1.2 resistance on March 23. As such, with the bullish sentiment failing, the possibility of a prolonged downtrend is higher. If Pi fails to hold its essential supports, a fall to $0.71 by April is also possible.