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$PI Price Plummets as Pi Network Prepares for Mainnet and Binance Decision

Jonathan Carls by Jonathan Carls
February 20, 2025
in Binance Feed, Market
Reading Time: 3 mins read
$PI Price Plummets as Pi Network Prepares for Mainnet and Binance Decision
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  • Pi Coin Faces Bearish Signals as Price Drops Below Key $50 Support Level
  • Early Miners’ Sell-Off Could Overwhelm Market, Pressuring Pi Coin’s Price
  • Binance’s Listing Decision May Determine Pi Coin’s Post-Mainnet Stability

Pi Network is preparing for its much-anticipated Open Mainnet launch on February 20, 2025. This transition will move Pi from a closed environment to a fully decentralized ecosystem, enabling external wallet transfers and exchange listings. As major exchanges reveal plans to list Pi Coin, investor interest has surged. 

However, despite the excitement, key risks could significantly impact Pi’s post-launch price trajectory. These concerns include technical vulnerabilities, potential sell-offs from early miners, and the impact of airdrop-based distribution. Investors must stay informed and exercise caution as Pi Network enters this critical phase.

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Binance, the largest exchange in the world, which recently launched a vote for $Pi listing, will definitely list it.

The vote was just a pretext to create a lot of hype and for the OG #crypto whales to take notice and have time to prepare.

Agree?#PiNetwork #Binance #Bitcoin pic.twitter.com/B4k2V9zZhO

— Pi Network News Global 𝛑 (@PiNewsGlobal) February 19, 2025

Technical Indicators Signal Potential Weakness

Pi Network’s IOU token has experienced a sharp decline ahead of the mainnet launch, dropping 50% in the past 24 hours. The price recently broke below the $50 support level, a crucial threshold that previously held strong. This downward movement raises concerns about further losses, especially if bearish trends persist after the mainnet launch. 

Additionally, technical indicators suggest weakening momentum, which could lead to continued price instability. Traders closely watching Pi’s price movements must consider these signals before making investment decisions.

Early Miners Could Trigger a Market Sell-Off

Pi Network has amassed a large community of early miners who have accumulated tokens over the years. Once the mainnet goes live, many of these early adopters may choose to sell their holdings, increasing the supply of Pi Coin in the market. 

A significant influx of sell orders could trigger a sharp price drop, especially if demand does not match the new supply. Market sentiment plays a crucial role in determining whether Pi can withstand this potential sell-off. Consequently, investors must monitor how early holders react to the mainnet transition.

Additionally, Binance’s decision regarding Pi Coin’s listing will be critical in shaping market sentiment. If Binance confirms support for Pi, it could help stabilize the price by boosting confidence and increasing liquidity. However, if Binance delays or rejects the listing, selling pressure may intensify, leading to a steeper decline.

Airdrop-Based Tokens Often Face Post-Launch Declines

Cryptocurrencies that launch through airdrop-based distribution often experience immediate sell pressure. Many recipients opt to cash out as soon as trading begins, leading to an oversupply that weighs down prices. 

Pi Network, which has used a similar distribution method, may face the same challenge. If demand does not absorb the incoming supply, Pi’s price could see further declines. This common trend highlights the importance of market stability and long-term adoption for Pi’s future success.

Tags: Altcoin News

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