Pi Network is attracting attention as a cryptocurrency mining platform using smartphones, but it is currently facing a significant turning point. We will provide a detailed explanation of the latest information regarding the large-scale token unlock scheduled for March 17th and its potential impact on the Pi Coin (PI) price.

Details of the Large-Scale Token Unlock

The Pi Network core team has announced that holders’ locked Pi assets will become transferable starting March 17th. This is significant news for many Pioneers (Pi Network users).

Currently, the daily unlock amount of Pi Coin is approximately 8.94 million coins (worth approximately $1.789 billion), but this figure is expected to surge to 23.13 million coins (worth approximately $4.627 billion) on March 17th. Furthermore, it is noteworthy that approximately 268.48 million Pi Coins (worth approximately $480 million) are expected to be unlocked over the next 30 days.

Blockchain tracker Piscan.io recently introduced a new feature that allows tracking of Pi unlocks over the next 30 days. This tracker provides insight into claimable balances, whether locked by users or distributed by the Pi Core Team. However, it does not track unreleased Pi Network that has not yet become a claimable balance.

Potential Impact on Price

The price of Pi Coin has fallen by over 8% amidst a broader decline in the crypto market, with Bitcoin and major altcoins also recording significant drops. The increase in new supply to the market accompanying this large-scale token unlock could put further downward pressure on the price.

Market experts point out the risk of “oversupply” as such a large volume of newly unlocked tokens flows into the market, potentially leading to further price declines. However, according to the Pi Network core team, the unlocked tokens are intended to be held until 2030, which they state is a measure to protect the rights of long-term investors and ensure transparency.

“The unlocked Pi Coins are intended to be held until 2030, which is a measure to protect the rights of long-term investors and ensure market transparency. It also serves to prevent excessive circulation in the market and prevent a rapid decline in the coin’s value.”

Features and Background of Pi Network

Pi Network is known as a mobile-first cryptocurrency app that allows anyone to participate in mining without requiring expensive hardware. By relying on the Stellar Consensus Protocol, it enables mining on smartphones, laptops, and PCs, and rewards users with Pi Network coins.

Currently, the mining rate has halved five times in line with the network’s growth milestones. It started at 3.14 PI/hour and has decreased as more users join.

Pi Network officially launched its long-awaited open mainnet on February 20, 2025, after six years. On the same day, it was listed on major centralized exchanges such as OKX and Bitget. Bitget launched a Pi Network airdrop campaign, offering a prize pool of Pi Coins worth a total of $60,000.

Pi Coin Price Trends

After the mainnet launch on February 20th, Pi Coin saw a correction after rising by approximately 100% to a peak of $2.99. This surge attracted the interest of many investors and brought the project into the major leagues.

However, this enthusiasm did not last long. The asset underwent a sharp correction, falling by 25% in just 24 hours back to $1.99. This volatility, while typical in the crypto market, is partly explained by the caution of exchange platforms.

A survey conducted on Binance Square showed that 86% of participants supported the listing of Pi on Binance, but the platform made it clear that this vote does not guarantee immediate adoption. “We evaluate projects based on our internal standards before making a decision,” Binance stated.

Future Outlook and Predictions

Price predictions for Pi Network in 2025 anticipate a maximum price of $100, an average price of $65, and a minimum price of $30. By 2030, it could reach a maximum price of $350, an average price of $225, and a minimum price of $100. Another prediction anticipates it reaching a maximum of $3.7856, a minimum of $1.9232, and an average of $3.0122 by 2030.

These predictions are based on several assumptions. The Pi cryptocurrency remains largely excluded from major exchange platforms, limiting its liquidity and adoption. Furthermore, regulations concerning emerging cryptocurrencies could hinder its rise.

Pi Day (March 14th) is raising expectations for significant announcements, particularly regarding exchange listings. Speculation about a Binance listing is high, fueled by cryptic posts and strong support for Pi shown in past surveys. The network’s growing popularity, including 4 million followers on X, also adds to the anticipation.

What Pioneers Need to Know

For Pi Network Pioneers, the token unlock starting on March 17th is a significant milestone. Those holding locked Pi assets will be able to transfer these assets from that day. However, they are intended to be held until 2030 in accordance with regulations.

Also, the phone number update process has been successfully completed, and users can change or correct their phone numbers from their profile. To update your phone number, click the three lines in the top left corner from the home screen, select “Profile”. There, find the phone number verification section and click the small blue “Change” text.

Furthermore, it has been announced that the KYC (Know Your Customer) application deadline has been extended to March 14, 2025. In case of issues, the team plans to provide clear guidance on how to resolve them.

Conclusion: Market Reaction and Future Prospects

Pi Network is facing a significant turning point ahead of the large-scale token unlock on March 17th. With approximately $480 million worth of Pi Coin being unlocked, new supply will flow into the market, potentially putting downward pressure on the price. However, there are also positive factors such as announcements on Pi Day (March 14th) and the possibility of exchange listings, and the market reaction could be influenced by these factors.

CoinMarketCap’s community sentiment shows that 91% of users are bullish on Pi. For Pi Network Pioneers, this unlock is part of a long-term investment strategy, with tokens intended to be held until 2030. The market is watching future developments closely, particularly anticipating announcements on Pi Day and movements regarding exchange listings.

Pi Network experts believe these improvements will form a strong foundation for the network’s future growth. Pioneers are encouraged to continuously track developments to not miss new opportunities.