Pi Network price has failed to regain momentum toward record highs despite Pi Coin's growing adoption as a payment method in the U.S. After reaching an all-time high last week, the token has plummeted nearly 50% due to profit-taking and heightened selling pressure. While the broader crypto market shows signs of recovery, Pi Network continues to decline. Here’s why.
Top 3 Reasons Behind Pi Network’s Price Crash
As of today, Pi Network trades at $1.72**, down 1.2% in 24 hours. The token peaked at **$2.98 last week but has since dropped 41%. Below are the key factors driving the downturn:
1. Delayed Binance Listing
The anticipation of a Binance listing has been a major driver of Pi Network’s price gains. However, delays have led to buyer exhaustion.
- Binance held a community vote from February 17–27, with 86% of users supporting Pi Coin’s listing.
- Nearly a week after the vote closed, Pi Network remains unlisted on Binance.
Implications:
A failed listing could erode investor confidence, triggering further declines.
👉 Will Binance finally list Pi Coin?
2. Whale Sell-Off Amid Slow Adoption
Analyst Dr Picoin suggests whale manipulation is exacerbating volatility.
- Whales may be executing a pump-and-dump scheme, capitalizing on slow adoption.
- Increased dApp deployment on Open Network could stabilize prices by boosting utility-driven demand.
Recent Adoption:
- Florida’s Zito Realty now accepts Pi Coin for real estate transactions.
- More such integrations could decouple Pi from meme coin trends and foster long-term growth.
3. Rising Bearish Momentum
Technical indicators signal strong selling pressure:
- RSI below 50: Bears dominate the market.
- Descending channel: Lower lows suggest weakening momentum.
- Critical support: A breach below $1.49** may push Pi to **$0.70.
Short-Term Outlook:
If bearish trends persist, Pi Network could test $1 or lower.
Bottom Line
Pi Network’s crash stems from:
- Binance listing delays.
- Whale-driven sell-offs.
- Technical bearishness.
Without reversal catalysts, $0.70 could become the next support level.
Frequently Asked Questions (FAQs)
Why is Pi Network price falling today?
The drop is fueled by Binance listing delays, whale activity, and slow adoption.
Will Binance list Pi Coin in 2025?
Binance has not confirmed a listing despite the favorable community vote.
Where is Pi Coin gaining adoption?
Florida’s Zito Realty now accepts Pi Coin for real estate payments.
👉 Explore more crypto insights
Disclaimer: This content reflects market conditions and the author’s analysis. Conduct your own research before investing. Cryptocurrencies are volatile, and losses may occur.
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