Pi Network’s native token, PI, has surged 13% in the lead-up to Pi Day on March 14, 2025, marking its second consecutive day of gains. The cryptocurrency hit an intraday high of $1.79 on March 13, according to Crypto.news, reflecting a 42% rebound from its weekly low.
This rally has propelled PI’s market capitalization to $12.2 billion, with daily trading volume doubling to over $930 million. Despite being 42.5% below its all-time high of $2.99 from February, PI has climbed from a CoinMarketCap ranking below 3,000 just a week ago to an impressive 11th place, overtaking Chainlink (LINK), Hedera (HBAR), and Stellar (XLM). The circulating supply currently stands at 7.13 billion tokens.
Pi Day Deadline Looms Amid KYC Struggles
The price surge coincides with heightened community excitement surrounding Pi Day, a pivotal event for the Pi Network ecosystem. By 8:00 AM UTC on March 14, users must complete KYC verification and migrate their testnet-mined tokens to the mainnet or risk losing them entirely.
However, technical glitches have left many users struggling to complete the process, raising concerns about participation. The date also marks the sixth anniversary of Pi Network’s launch in 2019, alongside its mobile app and whitepaper, adding further significance to the occasion.
Open Mainnet Launch and Token Unlock Dynamics
Pi Network’s recent history provides context for the rally. On February 20, 2025, the project launched its Open Mainnet and executed a massive airdrop, distributing tokens valued at $13.8 billion at their peak.
PI’s price fluctuated wildly post-launch, spiking to $1.97, plummeting to $0.737 the next day, and stabilizing at $1.29. Currently, 7.13 billion tokens are in circulation, with another 188 million set to unlock this month for over 1 million users. Notably, 63% of PI tokens are locked for three years, and 14% for one year, limiting immediate selling pressure and supporting price stability despite the influx of supply.
Binance Listing Buzz Fuels Speculation
A key driver of PI’s upward momentum is speculation about a potential Binance listing. In a February community vote, 87% of participants favored adding PI to Binance’s spot market, though the exchange has yet to confirm any plans.
A listing could significantly boost liquidity and visibility, potentially extending the rally. Market observers see this as a critical catalyst, with some predicting that strong community support and exchange adoption could push PI’s price to $4, or even as high as $10 in the coming weeks.
Technical Analysis Signals Bullish Continuation
Technical indicators bolster the case for PI’s uptrend. On the 4-hour USDT chart, PI is trading near the upper Bollinger Band, reflecting robust buying pressure.
The Aroon Up sits at 78.57%, indicating frequent new highs, while the Aroon Down at 0% suggests no bearish momentum.
With a Relative Strength Index (RSI) of 60, PI remains below overbought territory, leaving room for further gains. Analysts project a move toward the $2 psychological resistance level previously tested on March 5.
A decisive break above $2 could pave the way for a retest of its $2.99 all-time high, though a brief pullback may occur if RSI nears overbought levels.
Long-Term Outlook and Community Confidence
Market commentators are increasingly optimistic about PI’s trajectory. Beyond the immediate $2 target, some forecast a climb to $4 in the near term, driven by locked supply dynamics and community enthusiasm.
One vocal community member even suggested a $10 price point, citing Pi Network’s loyal user base and growing ecosystem. While such ambitious predictions hinge on broader adoption and exchange listings, the current rally underscores PI’s potential to maintain momentum past Pi Day.
A Critical Moment for Pi Network
As Pi Network celebrates six years and its Open Mainnet milestone, PI’s 13% surge reflects both technical strength and community fervor.
With $2 in sight and Binance speculation swirling, the token’s ability to sustain this rally will depend on KYC resolution, token unlock management, and potential exchange catalysts. For now, PI stands at a defining juncture, poised to solidify its place among crypto’s top contenders.
