Is Pi Network’s Price on the Brink of a Hilarious Meltdown? 😂

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TL;DR

  • Oh dear! Selling pressure is mounting like a bad soufflé, with millions of tokens ready to burst forth.
  • All eyes are on Pi2 Day (June 28) – will it be a grand announcement or just a damp squib? 🤔

More Pain Ahead?

The native cryptocurrency of Pi Network, PI, has been on a rather unfortunate downward spiral, plummeting by 20% in a mere fortnight. While the loyalists cling to their dreams of a phoenix-like resurgence, the reality is that several ominous clouds loom on the horizon.

To kick things off, a staggering 335 million tokens are set to unlock in the next 30 days. Mark your calendars for June 18 and July 6, when over 15.5 million PI will flood the market like an uninvited guest at a dinner party.

This delightful influx will allow eager beavers to offload their long-held tokens. While it doesn’t guarantee a mass exodus, it certainly cranks up the selling pressure to a delightful crescendo.

Next on our list of woes is the alarming rise in tokens lounging on exchanges. Nearly 340 million PI are currently resting on centralized platforms, with Bitget leading the charge with a staggering 118.3 million. Talk about a hoarding problem!

By the end of May, this figure had already reached around 310 million. The uptick suggests that investors are moving their stash to exchanges, perhaps preparing for a cash-out party. 🎉

Adding to the gloom is Binance’s apparent reluctance to embrace PI. The world’s largest crypto exchange conducted a community vote in February, asking users if they wanted to see the token on their platform. The overwhelming response was a resounding “yes,” yet Binance remains as silent as a cat in a room full of rocking chairs.

This deafening silence has sparked outrage among PI supporters, some of whom have resigned themselves to the belief that a listing may never materialize. How charming!

Waiting for Pi2 Day

Despite the aforementioned calamities hinting at a further price collapse, some members of the Pi Network community have turned their hopeful gazes toward June 28. This day, affectionately dubbed Pi2 Day, is represented as 6.28, derived from the mathematical constant Pi (3.14) multiplied by 2. Math enthusiasts, rejoice!

Some speculate that the Pi Network team might unveil a surprise on this fateful day. Others, like the ever-optimistic X user Pi Barter Mall, believe that while PI’s price may suffer in the coming weeks, a miraculous rebound could occur around Pi2 Day. Fingers crossed! 🤞

Meanwhile, Cryptoleakvn has been busy spreading rumors that Binance might finally list the coin on Pi2 Day. However, investors should brace themselves for the possibility that the day might pass without any fireworks. 🎆

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2025-06-09 12:20