Pi Network Crashes 25% Amid 8 Million Token Unlock, Will Binance Listing Save it?

Pi Network (PI) saw a sharp price drop today, falling around 25% to trade near $1.10. This sudden crash came just after a strong rally that pushed the token’s price to a peak of $1.29, and even as high as $1.40 on some exchanges.

The recent dip happened at the same time as an 8 million PI token unlock, which added fresh supply to the market and likely put pressure on the price. And it may not be over yet — on May 15, another 13 million tokens are set to be unlocked, raising concerns about further price drops.

Just a day before this crash, Pi Network was making headlines for its massive trading activity. In the past 24 hours, PI’s trading volume soared to around $1.9 billion. The price surged by more than 100% during this period, driven by large transactions from major holders. One transaction alone saw 90 million PI tokens move, which caught the attention of retail traders and sparked fresh excitement.

• Also Read :
•   Why Crypto Market Is Down Today? Liquidation Wipes Out $500M
• ,

What’s Next For Pi Coin Price?

There were also rumors about a possible Binance listing, along with growing anticipation for an announcement from the Pi Core Team expected on May 14. Pi could still drop to around $0.80 or even $0.60, and may fall further if the development team doesn’t share a major update on May 14.

Despite today’s correction, some traders remain hopeful about Pi Network’s future. Many believe the token is still in its price discovery phase — a period when new cryptocurrencies experience price swings before settling into a stable range. Supporters argue that while setbacks are normal in crypto, the project could bounce back strongly in the coming days.

FAQs