The post Pi Coin Crashes 17% in a Day After $175M Unlock – Here’s Why Investors Are Worried appeared first on Coinpedia Fintech News
Pi Network’s price plunged 17% in a single day, leaving investors alarmed. The sharp decline coincided with the highly anticipated unlock of 129 million Pi tokens, worth $175 million. With this large supply set to flood the market, concerns are growing that prices could fall even further.
Despite its strong community and early excitement, Pi Coin is struggling to maintain trust as doubts about its future mount.
The recent sell-off reflects broader uncertainty around Pi Coin. Once seen as a promising project, it now faces growing skepticism due to its unclear roadmap and slow progress. Many investors are moving their funds to more stable opportunities, signaling waning confidence in Pi’s potential.
Binance Listing Rejection – A Major Setback
One of the biggest disappointments for Pi Coin supporters was its failure to get listed on Binance—despite 86% of the community voting in favor. Without the backing of a major exchange, Pi Coin is struggling to gain momentum. The lack of easy trading options makes it harder for the project to grow, raising concerns about whether Pi Network is moving forward or stuck in limbo.
Many expected Pi Day to bring major announcements, but the event passed with no significant updates from the team. This silence added to investor frustration, with longtime supporters—including early miners—now openly questioning whether the team is truly committed to delivering on its promises.
Six Years In – Where’s the Mainnet?
Pi Network has been in development for six years, yet there is still no clear timeline for its Open Mainnet launch. Unlike other crypto projects that keep their communities informed, Pi’s developers have remained vague about future plans. This lack of transparency has only deepened concerns, making investors wonder if the project will ever reach full decentralization.
Analysts Sound the Alarm
Crypto analyst Dr. Altcoin pointed out that Pi Coin has dropped to #13 on CoinMarketCap, with its price slipping below $1.30. He warned that the lack of transparency and slow progress are fueling negative sentiment. The community is now demanding clear updates, including a set launch timeline, new developments – such as 100 decentralized apps – and more transparency regarding key investors and partnerships.
Meanwhile, analyst CryptoCove successfully predicted Pi Coin’s drop and took profits after shorting it from $1.70 to $1.15, gaining from the 38% crash. However, he now sees shorting as risky and plans to wait for a price rebound before considering another position.
Can a Binance Listing Turn Things Around?
Despite the recent sell-off, some analysts believe Pi Coin could recover—if it secures a Binance listing. A successful listing could boost demand and potentially trigger a 3X price rally. However, without clear updates and greater transparency from the Pi Core Team, investors remain cautious.
If delays continue, Pi Coin risks losing even more market confidence, making a comeback increasingly difficult.
Without clear direction, even the strongest communities can lose faith. Pi Coin needs more than hope to stay afloat.