Pi Network’s Native Token (PI) Sees Continued Gains Ahead of Pi Day

Pi Network’s native token, PI, continued to rally for the second consecutive day amid community hype ahead of Pi Day.

According to data from crypto.news, PI rose to an intraday high of $1.79 on March 13, nearly 42% above its lowest point this week. Its market cap was over $12.2 billion, while its daily trading volume doubled over the previous day, hovering over $930 million at the time of writing.

Although the crypto is still down over 42.5% from its all-time high of $2.99 in February, PI has recently made a significant leap in rankings. Just a week ago, it was ranked below 3,000 on CoinMarketCap, but now it has skyrocketed to 11th place, surpassing major cryptos like Chainlink (LINK), Hedera (HBAR), and Stellar (XLM). Its circulating supply currently stands at over 7.13 billion tokens.

Today’s gains come just a day before Pi Day on March 14, a significant event for the PI ecosystem. Users need to complete their KYC verification and migrate their tokens mined on the testnet to the mainnet by 8:00 AM UTC tomorrow. Failure to do so risks losing the mined tokens. However, many users are struggling with KYC verification due to technical issues, complicating the migration process.

Additionally, March 14 marks Pi Network’s sixth anniversary, coinciding with its launch and the release of its mobile app and whitepaper.

One of the biggest events in Pi Network’s history was its massive airdrop on Feb. 20, 2025, alongside the launch of its Open Mainnet. After the launch, Pi Coin saw major price swings—spiking to $1.97, dropping to $0.737 the next day, and then bouncing back to $1.29. At its peak, the total value of Pi tokens distributed reached $13.8 billion.

So far, 7.13 billion tokens have been distributed, and another 188 million PI tokens are set to unlock this March, available to over 1 million users. Despite the large supply entering circulation, the price is unlikely to be affected since 63% of Pi tokens are locked for three years, and another 14% are locked for one year, stabilizing prices.

A key catalyst for the current rally is speculation around a potential Binance listing. In a February vote, over 87% of participants supported adding PI to Binance’s spot market; however, Binance has yet to respond, leaving its listing uncertain. Meanwhile, PI is currently available on major centralized exchanges like OKX, MEXC, Gate.io, and Bitget.

PI Price Analysis

Technical indicators favor a potential continuation of PI’s uptrend. On the 4-hour USDT price chart, PI has been trading near the upper Bollinger Band, indicating strong buying pressure fueling the bullish trend.

With the Aroon Up at 78.57% and Aroon Down at 0%, a high Aroon Up value suggests frequent new highs, while the absence of Aroon Down signals a lack of bearish influence. With the Relative Strength Index at 60, PI still has room for further gains before hitting overbought levels. However, approaching this threshold may lead to a slight pullback before potentially continuing its uptrend.

Hence, PI is likely to continue its rally toward the psychological resistance level at $2, which previously acted as resistance on March 5. A break above this level could propel the token higher, potentially retesting its all-time high. Market commentators are making long-term bullish predictions for PI, expecting it to leap to $4 and beyond in the coming weeks, with some speculating prices could reach $10 due to strong community backing.

Read more: Pi Network price outlook: will Binance listing push PI to new highs?

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.