Today marks a pivotal moment for Pi Network as it celebrates its sixth anniversary and unlocks 188 million PI tokens, distributing them to over 1.1 million users. This massive release, one of the largest in the project’s history, has the crypto community buzzing with excitement—and apprehension.
With Pi Coin trading at $48 after a 26 percent surge over the past week, according to CoinGape, could this unlock propel it further, or will it flood the market and trigger a sell-off is the question on minds.of miners and crypto speculators.
As Pi journeys from a mobile mining app to a top-tier altcoin accelerates, all eyes are on what’s next.
Read also: Pi Coin reaches $2.99 one week after launch
A milestone for Pi network
The March unlock, detailed by BeInCrypto and Coinpedia, expands access to 188 million tokens from a current circulating supply of 7 billion (out of a 100 billion total cap). Yet, per ExplorePi data, 63 percent of holders lock their PI for three years and 14 percent for one year, so immediate selling pressure may be muted despite the scale of this release.
Pi’s market performance has been striking. Since its mainnet launch on February 20, 2025, PI surged nearly 100 percent to a peak of $2.99 before stabilising. Today, it ranks 11th by market cap at $13.52 billion, overtaking Chainlink and Hedera, per Coinpedia. Posts on X from @CryptoExptAvni and @PiNetwork24X7 highlight the unlock as a “breaking” event, with some predicting volatility as 65 percent of the tokens go to miners, 10 percent to ecosystem growth, five percent to liquidity pools, and 20 percent to the Pi Core Team.
Binance delays and community clout
The unlock coincides with mounting tension between Pi’s vocal community and Binance. A community vote on Binance showed 86 percent support for listing PI, yet delays have sparked backlash, including review-bombing of Binance’s app, as noted by Techpression.
Binance cites liquidity and volume concerns, but Pi’s 4 million X followers—nearing Dogecoin’s count—and 91 percent bullish sentiment on Coindesk suggest a demand that’s hard to ignore. Some speculate that a surprise listing announcement today, Pi Day, could amplify the unlock’s impact, potentially pushing PI past its $2.01 resistance toward $10, as hinted by CoinGape.
Read also: Binance community vote for Pi Coin listing ends at 86% approval
Pi price impact: Boom or bust?
Analysts are split. Cryptomarketinsights warns of a $480 million unlock value, risking an eight percent dip (seen recently at $1.77), while Bitcoinik reports a 20 percent pump to $1.65 despite the news. The lockup trends—7.25 million accounts holding long-term—could cushion a sell-off, but CoinChapter notes stabilised trading at $1.80-$2.00 suggests resilience. If demand holds, as @mentigent on X posits, PI could climb to $3.93 by month’s end. A Binance listing or ecosystem updates could tip the scales further.
What’s next for Pi?
As Pi Network unlocks 188 million tokens today, its community-driven momentum meets a critical test. With adoption growing—113.2 million downloads, and real-world use cases emerging (e.g., PiFest 2024’s 27,000 sellers), this could be a springboard to mainstream relevance. Yet, the shadow of past volatility—a 62 percent crash in February, per Economic Times—looms. Will Pi’s pioneers hold firm, or cash out? For now, March 14, 2025, is more than a birthday—it’s a proving ground for Pi’s crypto ambitions.