The Pi Coin community faced a shocking turn of events this week. On May 14, the Pi Network released a highly anticipated announcement that many believed would revolutionize the project. Instead, the update disappointed users, resulting in a dramatic 32.9% price crash—from $1.2897 to $0.8711 within 24 hours, according to CoinMarketCap data.
Why Did Pi Coin Crash After the Announcement?
1. Absence of Binance Listing
The most significant letdown was the lack of a Binance listing confirmation. Despite an overwhelming 86% community vote in favor of listing, the announcement omitted any exchange-related news. Instead, Pi Network unveiled Pi Network Ventures, a $100M fund to support startups and enhance real-world Pi adoption. While long-term beneficial, the community’s immediate expectations were unmet.
2. No Token Burn Announcement
Investors hoped for a token burn to counter inflation fears, especially with 1.3B tokens slated for release in 2025. The absence of this critical measure fueled anxiety about the coin’s future value.
3. Mass Sell-Off
Frustration triggered a rapid sell-off, accelerating the price decline. The reaction underscores waning trust due to repeated delays and unfulfilled promises, despite underlying belief in the project.
Pi Coin Price Prediction: Recovery or Further Decline?
Bullish Scenario
- Key Levels: A rebound above $1.00 could retest $1.20–$1.70.
- Catalysts: Increased institutional interest or exchange listings.
- Technical Support: Bullish RSI signals and higher lows may aid recovery.
Bearish Scenario
- Key Levels: A drop below $0.80 risks a fall to $0.70 or lower.
- Risks: Low trading volume, negative sentiment, or platform delays.
- Chart Analysis: Lower highs indicate seller dominance.
👉 Track real-time Pi Coin price movements here
FAQs
Q: Will Pi Coin ever list on Binance?
A: While the community vote was favorable, Binance has not confirmed a listing. Future updates from the Pi Core Team may clarify this.
Q: Is Pi Network Ventures a positive development?
A: Yes, but its long-term impact depends on startup success and Pi’s real-world utility growth.
Q: Should I hold or sell my Pi Coin?
A: Monitor the $0.85–$0.80 support zone. Breakouts above $1.00 or dips below $0.80 could signal next moves.
Conclusion
The Pi Coin crash highlights the crypto market’s sensitivity to unmet expectations. While the Network’s ventures fund aims for sustainable growth, restoring community trust requires timely deliverables and transparency. Investors should stay alert to upcoming developments and price action.