Pi Network Price Today March 7, 2025: Sharp Drop, Big Token Opening Coming Soon
Pi Network price today March 7, 2025 decreased sharply by 5.2% compared to yesterday, currently at $1.81. Pi Network will unlock 188 million tokens in March 2024
Pi Network Price Today
Pi price on OKX exchange on March 7, 2025 is fluctuating around the price from 1.77 USD to 1.97 USD (equivalent to 45,210 VND to 50,370 VND). Thus, according to the time of writing, Pi price on OKX exchange decreased sharply by 5.2% compared to yesterday.
Last week, CoinMarketCap refused to update Pi Network's market capitalization, but yesterday, the platform reversed its decision. Pi has now become the 11th largest cryptocurrency on the market, surpassing many famous names such as Hedera, Chainlink and Steller. This is a significant step forward for the project.
However, the Pi Network community is showing dissatisfaction with the Binance exchange because of the delay in listing Pi. Although a Binance community vote showed strong support for Pi, the listing has not yet taken place, leading to many negative reactions from users.
Pi Network plans to unlock 188 million tokens by March 2024
Pi Network is preparing to unlock 188 million tokens in March, giving over 1 million users access to these tokens. This is a much larger number than previous unlocks.
However, this may not cause immediate selling pressure as demand for Pi is still strong. According to a community sentiment survey on CoinMarketCap, 91% of users are optimistic about Pi's future.
Such a large token unlock will definitely affect the price of Pi Network. Recently, the project carried out the largest airdrop in the history of cryptocurrency, which attracted attention and interest from the community.
Data from ExplorePi shows that there are currently more than 11.5 million Pioneer accounts, but 63% of them (about 7.25 million accounts) locked Pi for three years, and 14% (about 1.6 million accounts) locked Pi for one year.
With such a high lockup rate, selling pressure is unlikely to occur immediately, even if a large number of users access the new tokens. This shows the community's trust and commitment to the Pi Network project, and also helps alleviate concerns that Pi's price may drop sharply after the unlock.
