Pi Network has faced years of skepticism over delays and unmet promises, but its February launch of the Open Mainnet marked a turning point.
The shift from a closed ecosystem to one connected with external networks unlocked cross-platform transactions, decentralized app deployment, exchange utility, and broader interoperability.
Since then, over 13 million users have migrated their accounts to the mainnet. Now, the project is preparing for a potentially market-moving event — the scheduled release of 276 million PI tokens this month, equal to about 3.5% of circulating supply.
Will the Unlock Trigger a Price Drop?
Large-scale token unlocks have historically put pressure on prices, with one past Pi event seeing a 34% decline over two months. However, this time the token’s momentum is stronger, having climbed 10% over the past week. Analysts point to increased mobile mining and the platform’s mobile-first model as key drivers of recent gains.
Adoption Versus Accessibility
Pi Network has rolled out public nodes, strengthened its developer tools, and positioned itself as a mobile-friendly entry point for new crypto users. Yet a significant obstacle remains — the absence of major exchange listings. While PI is tradable on platforms like OKX and Bitget, leading exchanges such as Binance and Coinbase have held back, citing concerns over governance, token utility, and compliance.
Without wider exchange access, liquidity and adoption are limited despite strong grassroots enthusiasm. A major listing could be a decisive catalyst for both price and market reach, potentially accelerating Pi’s shift from community experiment to mainstream contender.
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Source: https://coindoo.com/pi-network-news-276m-token-unlock-13m-mainnet-users-price-momentum-builds/