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Market

Pi Network’s Rally Dies Down

Pi Network (PI), which has been struggling in recent months, saw a rebound over the weekend, reaching nearly $0.75 on April 5th. However, the gains were short-lived.

Haider Jamal
April 7, 2025

Broader Market Collapse

PI is currently trading at around $0.53, a 14% drop in 24 hours. Its market cap has also fallen below $4 billion, dropping it out of the top 30.

Source: CoinGecko

The price dip is likely due to a broader collapse in the digital asset market, worsened by the global trade tensions following President Trump’s new tariffs, which have triggered retaliatory actions from other nations like China.

Rising Concerns

Meanwhile, over 121 million PI tokens are set to be unlocked this month, adding to the circulating supply of 6.8 billion. With 75% of tokens still locked, concerns are rising over the potential impact on the price once they are released.

Finally, despite speculation, major exchanges like Binance and Coinbase have yet to list PI, and their support could boost liquidity and spark a price rally.

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Haider Jamal

Content Strategist

Haider is a fintech enthusiast and Content Strategist at CryptoWeekly with over four years in the Crypto & Blockchain industry. He began his writing journey with a blog after graduating from Monash University Malaysia. Passionate about storytelling and content creation, he blends creativity with insight. Haider is driven to grow professionally while always seeking the next big idea.