Pi Network has faced a decline of over 8% in the crypto market, coinciding with a general downward trend. Following losses in Bitcoin 
$94,884 and other altcoins, the impending unlocking process of Pi Coin has captured the attention of investors. Concerns over increased token supply potentially pressuring prices have led to a more cautious approach among traders. This situation is amplifying uncertainty and investor anxiety in the market.
High Volume Coin Unlocking Alarms Investors
The scheduled high volume coin unlocking for Pi Network on March 17 could exert additional pressure on the market. Reports indicate that the daily average of 8.94 million coins will surge to 23.13 million. This rise has become a focal point for investors. Moreover, within the next 30 days, it is anticipated that 268.48 million coins will be released, with an estimated value of around $480 million. Investors are concerned that this increase in coin supply may further depress the price of Pi Coin.
The impact of Pi Network’s unlocking process is aligning with the fluctuations in the cryptocurrency market. This scenario is prompting investors to remain cautious and closely monitor market developments. The surge in coin supply is heightening fears that prices may decline further. Investors are likely to reassess these developments as more information and verification become available.
Pi Day Event and Listing Expectations
The Pi Day event may mark a significant milestone for Pi Network. Set to occur on March 14, this event is expected to reveal advancements in the Pi Network ecosystem and potential exchange listings. Such news could bolster the value of Pi Coin and positively impact the market. Community members believe these developments will support Pi Coin’s value. Potential listing support from Binance is also fueling investor optimism.
Binance continues to excite investors through social media messages. Phrases like “Dreams come true… but only if you survive the ‘task’ stage” and “Start with a piece, work hard, and earn the whole pie!” have elevated expectations regarding listings. Such announcements keep hopes alive concerning the future of Pi Coin in the market.
Post-Pi Day event announcements could shape the market dynamics for Pi Coin. These events are particularly relevant concerning the possibility of listings on major exchanges like Binance. However, without official confirmation, investors are advised to remain cautious against speculation.
