The cryptocurrency Pi coin (PI) has surged by about 5.5% in the past 24 hours, currently trading at $0.6450. Some traders speculate a new upward trend, while others disagree. This price spike comes right before a significant event: around 7.8 million Pi coins are set to be released on April 19th, following the daily release of 6.8 million coins. Market analyst Dr. Altcoin notes that most of the released coins go directly to centralized exchanges, increasing selling pressure. In recent days, Pi balances on exchanges have increased from 354 million to 368 million, with a circulating supply of 6.88 billion coins. This oversupply has saturated the market with sellers, outstripping demand and causing a price drop, hindering any upward momentum. Dr. Altcoin warns of a possible drop to $0.30 or lower if this trend continues, yet the potential for price recovery post late August 2025 when the daily release rate decreases is mentioned. Despite winning the Binance community vote, Pi is still not listed on the exchange due to its project focusing on a closed network and restricted user transactions. Listing on Binance requires a fully operational mainnet, legal transparency, sufficient liquidity, and compliance with regulations, lacking in the Pi project. Visit the real-time digital currency price page to track all token and cryptocurrency prices live.
