Recent Pi Coin Unlock, Send Pi Token Price Jump 6%

In the fast-moving world of cryptocurrency, even the smallest change can trigger significant market reactions. One such event occurred recently with Pi Coin, which saw a surprising 6% price jump in just 24 hours. At the time of writing, Pi Coin is trading at $0.64, and this price increase has caught the attention of traders and the wider Pi Network community.

This sudden surge comes right ahead of a major event, the unlocking of 7.8 million Pi Coins on April 19, which has left many wondering: is this the beginning of a new rally?

What’s Behind the Pi Coin Unlock?

On April 19, 7.8 million Pi Coins were unlocked, marking a significant milestone for the Pi Network. This unlock is part of an ongoing trend in which millions of Pi Coins are being released daily, with an average of 6.8 million coins being unlocked every 24 hours. But what does this mean for the market, and why should you care?

When coins are unlocked, they enter the market and become available for trading. In theory, this should increase the overall supply of Pi Coin. As more Pi Coins are available for purchase or sale, the market may experience fluctuations in demand and supply.

This typically leads to price changes, either upwards or downwards, depending on the amount of buying and selling pressure.

For Pi Coin, the 7.8 million unlock was no small event. While the immediate effect was a 6% increase in price, there are some concerns about how this unlock might affect the coin's longer-term price trajectory.

Why the Pi Coin Price Jumped 6%

The 6% increase in Pi Coin’s price is seen by many as a positive sign, especially after a period of relatively subdued activity. Pi Network’s community, which has been eagerly awaiting any sign of movement, quickly reacted to this price uptick.

Traders and enthusiasts are now wondering whether this could mark the beginning of a longer-term upward trend.

However, experts are cautious about the possibility of sustained growth. According to market analyst Dr. Altcoin, while the price jump is encouraging, there are several factors at play that could impact Pi Coin’s future.

For one, the daily unlock rate of coins is high, meaning that the market is flooded with an increasing amount of Pi Coin. This can lead to higher sell pressure, as many of these newly unlocked coins are being transferred to centralized exchanges, where they are being sold off.

In the past few days alone, the amount of Pi Coin available on exchanges has risen from 354 million to 368 million. This increase in circulating supply means that the demand for Pi Coin must rise substantially in order to maintain or increase the coin’s price.

The Impact of High Supply on Pi Coin

When supply outpaces demand, the price tends to fall. Dr. Altcoin warned that if this trend continues, Pi Coin could experience a price drop to as low as $0.30, or even lower. The unlocking process, while exciting, may lead to a market overwhelmed by sellers, making it harder for the price to sustain any rally.

Despite the concerns about an oversupply, there is still hope for a recovery. Dr. Altcoin believes that the Pi Coin market could experience a rebound around late August 2025, when the daily unlock rate is expected to decrease significantly.

This reduction in the rate at which new coins are released could help alleviate sell pressure and provide room for a more balanced market.

Why Is Pi Coin Still Not Listed on Binance?

For many in the Pi Network community, one question remains: why hasn’t Pi Coin been listed on Binance yet? After all, Pi Coin won a community vote on Binance, which would suggest that it’s well on its way to being listed on the platform. So why the delay?

The reason for Pi Coin’s absence on Binance and other major exchanges is tied to the fact that Pi Network is still operating on an enclosed mainnet. Unlike other cryptocurrencies, Pi Coin cannot yet be freely traded or transferred between users.

Until the Pi Network launches its open mainnet, major exchanges like Binance will be hesitant to list the coin. These exchanges require several conditions to be met, including legal compliance, liquidity, and a fully operational mainnet.

Pi Network is working toward fulfilling these requirements, but until that happens, Pi Coin will remain off major exchanges.

The Future of Pi Coin: Optimism or Caution?

Pi Coin’s future remains uncertain. While recent events like the 6% price jump are promising, there are challenges ahead. The ongoing unlocks are increasing the coin’s circulating supply, which may create downward pressure on the price if demand doesn’t rise accordingly.

Additionally, the lack of an open mainnet means that Pi Coin is still unable to be freely traded on major exchanges, limiting its growth potential.

However, there is hope that as the Pi Network continues to develop and the unlock rate decreases, the price of Pi Coin could stabilize and even increase. For now, traders and Pi enthusiasts alike are watching closely to see what happens next in this exciting, unpredictable market.

Conclusion

The recent Pi Coin unlock has certainly stirred up interest, with a 6% jump in price in just 24 hours. However, it’s important to recognize that this may just be a short-term rally, given the ongoing high unlock rate and the market’s response to increased supply.

While the Pi Network has made great strides, it still faces challenges in terms of listing on major exchanges and managing supply and demand. Only time will tell whether Pi Coin can maintain its upward trajectory or if the market will experience a slowdown.

FAQs

1. Why did Pi Coin’s price jump by 6%?

The 6% increase in Pi Coin’s price was triggered by the unlocking of 7.8 million Pi Coins. This unlock event caught the attention of traders, leading to a brief surge in price. However, the price movement is also influenced by the daily release of Pi Coins into the market, which affects supply and demand.

2. What is Pi Coin’s current status on major exchanges like Binance?

Pi Coin is not yet listed on major exchanges such as Binance. This is because the Pi Network is still running on an enclosed mainnet, preventing free trading or transfer of coins. Until Pi Network meets the necessary requirements for a full mainnet launch, listing on major exchanges will remain unlikely.

3. How will the high supply of Pi Coin affect its price?

The high rate at which Pi Coins are being unlocked and made available for trading has led to an increase in the supply of the coin. If demand does not match the growing supply, this could lead to downward pressure on the price. As more coins are unlocked, the risk of a price drop increases unless demand picks up significantly.