Pi Network price today, March 7, 2025: Sharp drop, large token launch coming soon.
Pi Network's price today, March 7, 2025, has dropped sharply by 5.2% compared to yesterday, currently standing at $1.81 USD. Pi Network will unlock 188 million tokens in March 2024.
Pi Network price today
The price of Pi on the OKX exchange on March 7, 2025, is fluctuating around $1.77 to $1.97 (equivalent to VND 45,210 to VND 50,370). As of the time of writing, the price of Pi on the OKX exchange has dropped sharply by 5.2% compared to yesterday.
Last week, CoinMarketCap declined to update Pi Network's market capitalization, but yesterday, the platform reversed its decision. Pi has now become the 11th largest cryptocurrency by market capitalization, surpassing well-known names like Hedera, Chainlink, and Steller. This is a significant step forward for the project.
However, the Pi Network community is expressing dissatisfaction with the Binance exchange for allegedly delaying the listing of Pi. Despite a Binance community vote showing strong support for Pi, the listing has yet to happen, leading to 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 significantly larger number than previous unlocks.
However, this may not immediately create selling pressure as demand for Pi remains strong. According to a community sentiment survey on CoinMarketCap, 91% of users are optimistic about Pi's future.
Such a large token unlocking event will undoubtedly impact the price of Pi Network. Recently, the project conducted the largest airdrop in cryptocurrency history, which has attracted significant attention and interest from the community.
Data from ExplorePi shows that there are currently over 11.5 million Pioneer accounts, but 63% of them (approximately 7.25 million accounts) have locked their Pi for three years, and 14% (approximately 1.6 million accounts) have locked their Pi for one year.
With such a high token lock-up rate, selling pressure is unlikely to occur immediately, even if a large number of users access the new token. This demonstrates the community's trust and commitment to the Pi Network project, and also helps alleviate concerns about a potential sharp drop in Pi's price after the unlock.
