Pi Coin Price Inches Closer To $1 Levels, Will 9 Million Token Unlock Today Disrupt the Rally?
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The post Pi Coin Price Inches Closer To $1 Levels, Will 9 Million Token Unlock Today Disrupt the Rally? appeared first on Coinpedia Fintech News
In the last 24 hours, Pi Coin has jumped over 3%, riding the wave along with Bitcoin reclaiming the $102,000 mark and Ethereum leading with strong gains. Altcoins like Solana, Ethereum and XRP are also surging, making it a big day for crypto traders.
Pi Coin Breaks Resistance, Eyes $1 Target
Pi Coin’s price has managed to break above a key resistance zone between $0.66 and $0.67. This breakout came with strong trading volume, a sign that buyers are stepping in.
The Relative Strength Index (RSI) is currently at 56.68, showing growing bullish momentum. If the price stays above this resistance, it could target between $0.85 and $1.00 in the short term.
However, if the breakout fails, the price might consolidate in the current range before making another move.
Token Unlock Sparks Supply Concerns
According to analyst Dr Altcoin, Pi Coin’s circulating supply suddenly jumped by 5 billion tokens — from 7 billion to 12 billion — earlier today. However, the supply available on crypto exchanges didn’t change.
This sudden increase likely came from a 5 billion Pi liquidity pool, possibly to prepare for a major exchange listing. And when Dr Altcoin says major, he means Binance, BitMart, and HTX.
Interestingly, the extra supply appeared and disappeared within an hour, hinting at a successful stress test. This suggests that Pi Network is testing its liquidity before the tokens officially go live on exchanges.
Dr Altcoin said that the price could stay around $1 until May 14. If the announcement lives up to the hype, Pi might rise to $2 by the end of August. From there until the end of 2025, it could trade anywhere between $2 and $5, depending on how the ecosystem develops and how the market responds.
However, according to Pi Scan, 9.3 Million Pi tokens are unlocking today, which could add pressure on the price.
Big Announcement Scheduled for May 14
Adding to the excitement, the Pi Network team has confirmed a major ecosystem announcement for May 14, 2025. This date coincides with the Consensus Summit 2025 in Toronto, where Pi founder Dr. Nicolas Kokkalis will be a featured speaker.
Analysts believe this could bring updates about new apps, real-world use cases, and future plans for the Pi ecosystem.
Could Binance List Pi Soon?
There’s also speculation that Binance might list Pi Network soon. While there’s no official announcement yet, blockchain activity hints at behind-the-scenes tests.
A Binance-linked wallet recently processed over 294,000 test transactions with Pi tokens. This kind of activity usually signals preparations for a new token listing.
Interestingly, Pi Network’s blockchain is built similarly to Stellar (XLM) — a cryptocurrency already listed on Binance — making a listing technically easier.
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