The native cryptocurrency of Pi Network, Pi Coin, has experienced another sharp downturn, dropping 15% to $0.55 amid a 60% surge in daily trading volume reaching $477 million. This latest decline extends Pi Coin’s weekly losses to over 33%, eroding investor confidence in a near-term recovery to the psychologically significant $1 mark. With sentiment weakening, the community is increasingly looking toward a potential listing on Coinbase as the last viable catalyst for revival.
Could a Coinbase Listing Revive Pi Coin?
Despite repeated delays in securing a Binance listing, the Pi Network community remains hopeful about a future Coinbase listing. A pivotal moment occurred on March 14—Pi Day—when Paul Grewal, Coinbase’s Chief Legal Officer, tweeted an image featuring the Pi logo with the caption: “We take Pi Day very seriously at Coinbase.” While not an official announcement, this post sparked widespread speculation and renewed optimism across social channels.
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A listing on Coinbase—one of the most trusted and widely used crypto exchanges in the U.S.—could provide the much-needed liquidity and legitimacy Pi Coin currently lacks. Historically, Coinbase listings have triggered substantial price increases for newly added assets due to increased accessibility for retail and institutional investors.
With over 60 million users already participating in the Pi Network ecosystem, the project boasts one of the largest community-driven user bases in the crypto space. This level of engagement could position Pi favorably under Coinbase’s asset evaluation criteria, which includes metrics like community strength, security, and market demand.
Such a listing would not only boost the Pi Coin price but also accelerate adoption across North America and global markets. It would mark a turning point for the project, transitioning it from a mobile-mined novelty to a tradable digital asset with real economic utility.
That said, Binance has remained silent on any potential $PI listing, leaving uncertainty around broader exchange support.
Can Pi Coin Avoid a Drop to $0.30?
As support levels continue to break down, analysts are growing increasingly bearish on Pi Coin’s short-term outlook. Prominent crypto analyst Moon JEFF has warned that if current deposit trends persist on centralized exchanges, the price could fall as low as $0.30.
Over 375 million PI tokens have already been transferred to exchanges—a significant portion of the total 500 million supply now circulating. With such high sell pressure, market equilibrium may only be achieved at lower valuations. Moon JEFF suggests that $0.30 could become a stabilization point if no major developments intervene.
This aligns with broader price forecasts indicating that Pi Coin may trade below $0.40 throughout April unless a strong catalyst emerges. Without increased utility or exchange momentum, downward pressure is likely to persist.
Frequently Asked Questions
Q: Why is Pi Coin dropping in price?
A: The price decline is primarily driven by high sell pressure from early holders moving tokens to exchanges, combined with lack of major exchange listings and limited real-world use cases so far.
Q: Will Pi Coin ever reach $1?
A: Reaching $1 would require massive demand growth—likely through a top-tier exchange listing (like Coinbase), strong ecosystem adoption, or token supply reductions such as burns.
Q: Is Pi Network a scam?
A: No, Pi Network is not classified as a scam. It is a legitimate project focused on mobile-based mining and decentralized identity. However, its delayed mainnet launch and unclear tokenomics have fueled skepticism.
Q: How many Pi Coins are in circulation?
A: Over 375 million PI tokens have been deposited on exchanges, with the total supply approaching 500 million. Exact circulating supply figures remain opaque due to the project’s unique distribution model.
Q: Can the Pi Core Team stop the price drop?
A: Yes—strategic actions such as large-scale token burns from foundation wallets or accelerating dApp development could reduce supply and restore confidence.
Growing Pressure on the Pi Core Team
Community frustration is mounting as selling pressure intensifies. Dr Altcoin, a well-known figure within the Pi community, criticized the project’s trajectory: “Pi’s price has been in free fall, hovering around $0.5. If this was the end goal, why did the Pi community wait six years?”
He argued that without full transparency around tokenomics, major exchanges like Binance or Coinbase may hesitate to list $PI. Two critical challenges now face the Pi Core Team (PCT):
- At current price levels, users may lack sufficient funds to actively engage with decentralized applications (DApps) within the Pi ecosystem.
- Continued disappointment could drive mass migration to other blockchain projects offering clearer utility and better liquidity.
Dr Altcoin emphasized that one viable path forward—regardless of exchange listings—is for the Pi Foundation to initiate large-scale token burns from its reserve wallets. Reducing supply could create artificial scarcity, potentially stabilizing or even increasing the price over time.
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What’s Next for Pi Network?
For Pi Network to regain momentum, several key developments must occur:
- Transparency Improvements: The PCT must publish detailed tokenomics, including distribution schedules, vesting periods, and foundation holdings.
- Ecosystem Growth: Launching functional dApps with real utility will encourage holding rather than dumping.
- Exchange Momentum: A Coinbase listing remains the most immediate hope for price recovery and global exposure.
- Supply Management: Strategic token burns could rebalance market dynamics and restore investor trust.
Without decisive action, Pi risks becoming another example of a once-hyped project that failed to transition from concept to sustainable ecosystem.
Final Thoughts
While Pi Network built an impressive grassroots following through mobile mining, its economic model now faces its toughest test. The recent 15% price drop, rising exchange inflows, and fading hopes for quick gains have created a crisis of confidence.
Yet opportunities remain. A Coinbase listing, transparent governance, and active ecosystem development could still turn the tide. The coming weeks will be crucial in determining whether Pi Coin can reclaim relevance—or fade into obscurity.
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