Will Pi Coin price drop as 188 million Pi tokens are released in March? This has generated a lot of discussion concerning the possible effects that this event will have on the market. However, there are worries, Pi Coin has shown some strength, it has increased by 3% recently, and the people who own it are clearly confident. This is because, at the time of writing this, there are 7 billion circulating supplies of the token, and this is a big unlock, but the data shows that most people are not rushing to the market to sell.
Pi reports that 63% of Pi holders have agreed to keep their tokens locked for three years, while 14% have agreed to lock theirs for one year. This means that the majority of the tokens are still not available in the market and may help keep the prices from falling. However, the traders are keeping a close eye on the fact that Pi Coin has touched $2.99 recently and has moved a little down from it.
Although it is one of the most popular cryptocurrencies, Binance has still not listed Pi Coin, which has annoyed the community. Despite the fact that there was a clear demand for the listing during a Binance poll, the exchange has not acted on it. The supporters have taken to leaving one-star reviews on Binance’s app and have asked the company to act. Binance noted that listing is a function of market dynamics and did not specifically mention Pi Coin.
This, in itself, is a testament that Pi Coin has outperformed other major cryptocurrencies like Chainlink (LINK) and Hedera (HBAR) to emerge as the 11th largest cryptocurrency in terms of market capitalization, which is $13.52 billion. Where the general crypto market is concerned, Pi has risen by 4% in the last 24 hours and is now worth $1.92.
The question, therefore, remains: Will Pi Coin price decrease or will the project’s holders defend the market? Community members are eagerly waiting for what will happen next as to whether the price will rise or fall.
