Pi Coin drops over 10%, but expectations of a strong recovery rise due to a surge in popularity in China, signaling potential future growth.

The Pi Network community recently celebrated its sixth anniversary, marking a significant milestone for the controversial cryptocurrency project.

pi Network, a platform for mining cryptocurrency using smartphones, has experienced considerable price fluctuations since its listing on exchanges. After peaking at $2.1, Pi’s price quickly fell to $1, leaving many investors concerned and fueling rumors of a potential Binance listing.

However, Binance has denied these unverified claims, stating that there are no official plans for listing Pi Coin, further worrying enthusiasts of the asset.

Currently, Pi Coin is trading around $1.46, hovering just below the key $1.5 level. Despite the market showing signs of weakness over the weekend, Pi Coin has maintained its price above $1, indicating some support.

Experts suggest that if the coin closes above $1.5, a strong rally could occur, pushing Pi Coin’s price to $2 or higher.

Token Migration Issues Cause a Nearly 10% Drop

While the Pi Network community anticipates a breakout, the network is facing challenges related to token migration. Users who have completed KYC (Know Your Customer) verification are still encountering difficulties in transferring their tokens. This has contributed to a 10% drop in Pi Coin’s price over the past 24 hours.

Additionally, on March 14, 2025, Pi Network users faced chaos as numerous accounts saw their accumulated token balances vanish. The incident occurred on the project’s sixth anniversary, leaving many shocked and frustrated.

Pi Coin’s Surge in China: A Strong Reversal Signal?

In China, the Pi ecosystem is growing rapidly. More and more shops, restaurants, and service providers are beginning to accept Pi Coin as an official payment method. The map of locations accepting Pi continues to expand, reflecting the increasing real-world demand for the coin.

The growing popularity of Pi Coin in China is not only a major advancement for the project but could also significantly impact its value. This positive signal indicates that Pi Coin is gradually gaining practical utility rather than merely being a speculative asset.

As more businesses join the Pi ecosystem, the likelihood of the coin recovering and increasing in value becomes more plausible.

Although concerns remain regarding decentralization and potential listings on major exchanges, increasing adoption may serve as a crucial factor in helping Pi Coin reverse its downward trend and enter a new growth cycle.

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