{"id":15896,"date":"2025-03-03T14:46:45","date_gmt":"2025-03-03T14:46:45","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=15896"},"modified":"2025-03-03T14:46:45","modified_gmt":"2025-03-03T14:46:45","slug":"why-is-the-pi-network-pi-price-down-40-in-the-past-4-days","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=15896","title":{"rendered":"Why Is the Pi Network (PI) Price Down 40% in the Past 4 Days?"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li data-start=\"0\" data-end=\"157\">\n<p data-start=\"2\" data-end=\"157\">PI dropped from nearly $3 to $1.72, possibly due to Binance\u2019s inaction despite 86% community support for a listing.<\/p>\n<\/li>\n<li data-start=\"159\" data-end=\"322\" data-is-last-node=\"\">\n<p data-start=\"161\" data-end=\"322\" data-is-last-node=\"\">Some predict a rally above $4, while extreme targets like $314.159 seem unrealistic given PI\u2019s massive required market cap.<\/p>\n<\/li>\n<\/ul>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/03\/PI_CB-2.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-385646\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/03\/PI_CB-2.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/03\/PI_CB-2.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/03\/PI_CB-2-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/03\/PI_CB-2-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/03\/PI_CB-2-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/03\/PI_CB-2-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/p>\n<h2>PI Heads South<\/h2>\n<p><span data-preserver-spaces=\"true\">The native token of Pi Network<\/span> <span data-preserver-spaces=\"true\">saw<\/span><span data-preserver-spaces=\"true\"> the light of day on February 20, almost six years after the <\/span><span data-preserver-spaces=\"true\">birth of the project<\/span><span data-preserver-spaces=\"true\">.<\/span><span data-preserver-spaces=\"true\"> The asset was at the forefront of gains during its first trading days, <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/pi-network-pi-explodes-by-35-daily-reaching-a-new-ath-is-the-bull-run-just-starting\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">rising<\/span><\/a><span data-preserver-spaces=\"true\"> to <\/span><span data-preserver-spaces=\"true\">almost<\/span><span data-preserver-spaces=\"true\"> $3 on February 27.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Since then, though, PI has been <\/span><span data-preserver-spaces=\"true\">on a substantial decline<\/span><span data-preserver-spaces=\"true\">, reaching a local bottom of $1.52 on March 2 and currently standing at around $1.72 (per CoinMarketCap\u2019s data).<br \/>\n<\/span><\/p>\n<figure id=\"attachment_385649\" aria-describedby=\"caption-attachment-385649\" style=\"width: 828px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/03\/PI.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-385649\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/03\/PI.png\" alt=\"PI Price\" width=\"828\" height=\"400\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/03\/PI.png 962w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/03\/PI-300x145.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/03\/PI-768x371.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/03\/PI-50x24.png 50w\" sizes=\"auto, (max-width: 828px) 100vw, 828px\"><\/a><figcaption id=\"caption-attachment-385649\" class=\"wp-caption-text\">PI Price, Source: CoinMarketCap<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">One possible factor contributing to the asset\u2019s poor performance <\/span><span data-preserver-spaces=\"true\">lately<\/span><span data-preserver-spaces=\"true\"> could be Binance\u2019s intervention, or more precisely, its lack of action. In February, the biggest crypto exchange <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/binance-listing-pi-token-soon-community-has-the-final-say\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">held a community vote<\/span><\/a><span data-preserver-spaces=\"true\"> to determine whether its users would want to see PI available for trading. The results became official on February 27, with over 86% of the voters clicking the \u201cyes\u201d option.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Despite the overwhelming support, Binance has remained silent on the matter, and PI is not currently <\/span><span data-preserver-spaces=\"true\">available on the platform.<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">A potential listing would increase the token\u2019s liquidity and accessibility and might create upward pressure on the valuation. Some <\/span><span data-preserver-spaces=\"true\">of the<\/span><span data-preserver-spaces=\"true\"> leading crypto exchanges that have already <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/massive-pi-network-pi-development-heres-where-you-can-trade-your-pi-tokens\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">allowed<\/span><\/a><span data-preserver-spaces=\"true\"> trading services with PI include Bitget, OKX, and MEXC.\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">What Might be Next?<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Contrary to the recent price decrease, many industry participants remain optimistic that the coin\u2019s valuation could soar to impressive levels <\/span><span data-preserver-spaces=\"true\">in the near future<\/span><span data-preserver-spaces=\"true\">. The X user GEM HUNTER <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/TrueGemHunter\/status\/1896353223914803533\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">assumed<\/span><\/a><span data-preserver-spaces=\"true\"> that a breakout above $1.85 could trigger a price rally to above $4.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Prior to<\/span><span data-preserver-spaces=\"true\"> that, some community members <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/PiWhales\/status\/1893776629161230387\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">envisioned<\/span><\/a><span data-preserver-spaces=\"true\"> a spike to $3.14 and even $314.159 \u2013 numbers symbolically linked to \u03c0 (Pi) \u2248 3.14159.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">It is worth mentioning that the second target would require PI\u2019s market cap to explode above $2 trillion (assuming the circulating supply is the 6.8 billion coins stated by CoinMarketCap). The current capitalization of the <\/span><span data-preserver-spaces=\"true\">entire<\/span><span data-preserver-spaces=\"true\"> cryptocurrency market is roughly 3.15 trillion, making the forecast highly implausible.\u00a0<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/why-is-the-pi-network-pi-price-down-40-in-the-past-4-days\/\" rel=\"nofollow\">Why Is the Pi Network (PI) Price Down 40% in the Past 4 Days?<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR PI dropped from nearly $3 to $1.72, possibly due to Binance\u2019s inaction despite 86% community support for a listing. Some predict a rally above $4, while extreme targets like $314.159 seem unrealistic given PI\u2019s massive required market cap. PI Heads South The native token of Pi Network saw the light of day on February [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-15896","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/15896","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15896"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/15896\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}