The Pi Network price has made an impressive 157% comeback after last week’s steep decline following its highly anticipated mainnet launch. Despite broader market pressure on Bitcoin and altcoins, Pi’s price recovery has reignited investor interest. The key question now is whether Pi can surge from its current $1.52 to $5 before the first quarter ends on March 31.
Pi Network Price Pumps Amid FOMO
The recent Pi Network rebound comes after an initial crash caused by pioneers offloading their tokens. Many had been mining Pi for over six years, making the mainnet launch a prime opportunity to cash out as the coin became available on exchanges like OKX and HTC.
Historically, newly launched tokens often face sharp sell-offs post-airdrop, as seen with EigenLayer, Wormhole, and Hamster Kombat. Pi’s decline was further fueled by Bybit CEO’s controversial statement calling the project a scam, coinciding with the $1.4 billion Bybit hack.
However, Pi Network’s trading volume indicates strong investor confidence. CoinGecko data shows that its 24-hour trading volume hit $1.3 billion on Sunday, February 23, and remained high at $1.1 billion on Monday. If this momentum persists, major exchanges like Binance, Coinbase, and Kraken could soon list Pi, further fueling its rally. A Binance poll already shows 88% approval for Pi’s listing, suggesting imminent action.
Can Pi Coin Reach $5?
Pi Network’s post-mainnet dip saw it plummet to $0.6016 before rebounding to its current $1.52. For Pi to reach $5, it would require a 271% surge—a feat not uncommon in the crypto market. Mantra (OM) skyrocketed from under $0.10 in early 2024 to $9.50, while XRP and XLM saw parabolic moves in November following Donald Trump’s election win.
If Binance, Coinbase, and Kraken list Pi Network soon, investor FOMO could drive prices sharply higher. Moreover, as a U.S.-developed cryptocurrency with a $9 billion market cap, speculation over a potential Pi Network ETF could add another bullish catalyst.
Also Read: Pi Network Mainnet Launch: Market Impact, Exchange Listings, and Future Outlook
From a technical standpoint, surpassing its post-mainnet high of $2.20 and the symbolic $3.14 level could pave the way for a $5 breakout. As investor confidence builds and major exchanges weigh in, Pi Network’s next move could be its most explosive yet.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of CoinBrief.io. Before making any investment decisions, you should always conduct your own research. Coin Brief is not responsible for any financial losses.
