News 
March 21, 2025 
3 min. 
The cryptocurrency Pi Network recently experienced a sharp decline, losing over 20% of its value and dropping below $1.20. This downturn is part of an ongoing negative trend, with the coin’s price having fallen around 43% over the past week. Previously among the top 20 cryptocurrencies, Pi Coin has significantly dropped in ranking due to rising investor skepticism.
Pi Network: Could Listing Delays Have Caused Pi’s Price to Drop?
The immediate cause for this drop relates to delays in Pi Coin’s listing on major cryptocurrency exchanges.
Initial optimism was high, but the failure to officially confirm these listings significantly reduced demand for the cryptocurrency. Another major concern is the lack of a clear timeline for the Open Mainnet launch, the primary network accessible to the public for transactions and app development. The absence of precise information has sparked doubts and negative speculation about the project’s credibility.
Experts emphasize the urgent need for greater transparency from the Pi Network team to restore market confidence. Although no concrete evidence of fraud exists, inadequate communication from the cryptocurrency’s developers has caused widespread concern. Additionally, some analysts argue that Pi Network remains heavily centralized.
- Looking for the next crypto to hit $1? Stay ahead of the market—discover potential breakout coins now!
Another concerning factor is the upcoming unlocking of approximately 129 million Pi Coins, currently valued at around $140.61 million. Token unlocks occur when large quantities of previously restricted cryptocurrencies become available for sale or trading. Historically, these events have triggered additional price declines due to the sudden increase in available supply.
Amid this unstable scenario, investors are adopting a more cautious stance. To reverse the negative trend, Pi Network must provide a transparent roadmap and clarify essential details regarding its technological and financial future. Improved transparency could restore investor trust and stabilize the coin’s price.
The market eagerly awaits the next moves from the Pi Coin team, as clear and decisive actions could help regain some of the lost confidence among investors and cryptocurrency users.
