PI Token Soars: Will It Crash or Keep Flying? 🚀

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In a world where numbers are as slippery as a greased pig at a county fair, the Pi Network’s native token, affectionately known as PI, has decided to throw a party for the second day running, all thanks to the community’s excitement as Pi Day approaches. 🎉

According to the wise sages at crypto.news, PI has risen to a dizzying height of $1.79 on this fine day of March 13, which is nearly 42% above its lowest point this week. Its market cap is now lounging comfortably at just over $12.2 billion, while its daily trading volume has doubled, like a rabbit on a caffeine high, hovering over $930 million at the time of this writing.

Now, before you start planning your retirement on a beach with a cocktail in hand, remember that this crypto is still down over 42.5% from its all-time high of $2.99 back in February. But fear not! PI has recently made a leap in rankings that would make a kangaroo jealous.

Just a week ago, it was languishing below 3,000 on CoinMarketCap, but now it has rocketed up to 11th place, surpassing major cryptos like Chainlink (LINK), Hedera (HBAR), and Stellar (XLM). Its circulating supply currently stands at a staggering 7.13 billion tokens, which is a number so large it could make your head spin faster than a hamster on a wheel.

Today’s gains come just a day before the grand Pi Day on March 14, a day that is as important to the PI ecosystem as a good cup of tea is to a British person. Specifically, users need to complete their KYC verification and migrate their tokens mined on the testnet to the mainnet by 8:00 AM UTC tomorrow. If they don’t, they risk losing their precious mined tokens, which is about as fun as losing your keys on a rainy day.

However, many users are still grappling with KYC verification due to technical hiccups, making it as difficult as herding cats to migrate their PI coins to the mainnet.

Meanwhile, this date also marks the sixth anniversary of Pi Network since its launch on March 14, 2019, along with its mobile app and whitepaper. 🎂

One of the biggest events in Pi Network’s history was its massive airdrop on Feb. 20, 2025, alongside the launch of its Open Mainnet. After the launch, Pi Coin saw price swings that would make a rollercoaster look like a kiddie ride—spiking to $1.97, dropping to $0.737 the next day, and then bouncing back to $1.29. Talk about a wild ride!

At its peak, the total value of Pi tokens distributed reached a jaw-dropping $13.8 billion. So far, 7.13 billion tokens have been distributed, and another 188 million PI tokens are set to be unlocked this March, available to over 1 million users. It’s like a piñata bursting open at a birthday party, but with fewer candies and more numbers.

Despite the large supply entering circulation, the price is unlikely to be affected since 63% of Pi tokens are locked for three years, and another 14% are locked for one year. This means most unlocked tokens won’t hit the market immediately, helping to keep prices stable—like a well-balanced diet of chocolate and more chocolate.

One of the key catalysts for the current rally to extend is speculation around a potential Binance listing. In a February vote, over 87% of participants supported adding PI to Binance’s spot market, but Binance has yet to respond, leaving its listing as uncertain as a cat in a room full of rocking chairs.

Meanwhile, PI is currently available on major centralized exchanges like OKX, MEXC, Gate.io, and Bitget, among others. So, if you’re looking to get in on the action, there are options aplenty!

PI Price Analysis

Technical indicators are waving their flags in favor of a potential continuation of PI’s uptrend, like a cheerleader at a particularly enthusiastic pep rally.

On the 4-hour USDT price chart, PI has been trading near the upper Bollinger Band, which indicates strong buying pressure fueling the bullish trend. It’s like a stampede of bulls charging through a field of daisies!

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2025-03-13 12:53