After Six Years, Is the Pi Network Finally Delivering?
Main Idea
The Pi Network has recently unlocked 276 million PI tokens and seen a 10% price boost, potentially due to increased mobile mining and user adoption, but faces challenges with major exchange listings and liquidity.
Key Points
1. Pi Network unlocked 276 million PI tokens, about 3.5% of the circulating supply, which could impact its market dynamics.
2. The PI token recently saw a 10% price increase, attributed to growth in mobile mining and user adoption.
3. Despite progress, major exchanges like Binance and Coinbase have not listed PI, limiting its liquidity and broader adoption.
4. Pi Network's mobile-first approach and recent developments, such as public nodes and DApp deployment, could drive future growth.
5. The lack of mainstream exchange listings remains a significant hurdle for PI's price and popularity.
Description
On February 20, the Pi Network officially launched its Open Mainnet, marking a big shift from the prior enclosed mainnet that had restricted external connectivity A new unlock of 276 million PI tokens is scheduled to happen this month, which constitutes about 3.5% of the circulating supply While the PI token is listed on OKX, Bitget, and others, no mainstream exchanges, such as Binance or Coinbase, have listed it yet It’s no secret that Pi Network has often struggled and has been frequently a ta...
Latest News
- Rate Cuts Threaten Profits of Stablecoin Giants Tether and Circle2025-08-15 14:53:46
- FTX News: Next Distribution Set on 30th Sep After Today’s Record Date2025-08-15 13:26:30
- Cardano Approaches Breakout as $1 Resistance Faces Critical Test2025-08-15 09:49:12
- XRP (XRP) Price Prediction for August 162025-08-15 09:10:25
- Solana (SOL) Price Prediction for August 162025-08-15 09:10:08