Pi Network’s Token Stabilizes Amid Market Correction

Pi Network’s token price stabilized after a market correction, remaining steady despite broader volatility. The token’s daily trading volume also reached $500 million.

Pi Network Shows Stability

Pi Network, a blockchain project making waves in the crypto space, has had an eventful few days. Binance updated its recent community vote results, showing 86% support to list the token. However, the listing decision remains pending.

Despite concerns over a possible bear market, the altcoin is stabilizing following a brief market correction.


As March 14 (Pi Day) approaches, fans are eager for a major announcement from developers. The project’s official X account recently surpassed Ethereum in follower count and is now the fourth-most-followed crypto account.

The recent Pi airdrop was the most valuable in history, valued at $12.6 billion, making any subsequent large announcements challenging. Over the past five days, 200 million Pi tokens entered circulation, leading to an inflation rate of 0.634% per day and 231.41% annually—extremely high levels.

CoinMarketCap data suggests Pi’s market cap exceeds $10 billion, placing it among the top 15 cryptocurrencies. However, the platform has yet to update its rankings, likely due to the self-reported nature of these figures.

> “Pi Network is currently ranked at 3157 on CoinMarketCap due to its unverified market cap and circulating supply. If the self-reported supply is accurate, Pi would rank around 11-12,” stated influencer Zoe.

Despite these claims, the numbers remain unverified, and Pi Network faces skepticism from critics. Ben Zhou, CEO of Bybit, publicly labeled the project a scam, noting that the Chinese government views it as a pyramid scheme.

CoinMarketCap is hesitant to recognize the token as a top contender at this stage, and other major platforms like CoinGecko have omitted its market cap.

In summary, the recent news cycle surrounding Pi Network has been chaotic; supporters aim to enhance its global presence, while critics question the project’s sustainability.