March 14 marks a significant day for the Pi Coin community, celebrating six years since the project's inception. However, despite this milestone, the Pi Coin's price has experienced a decline.
Pi Network Anniversary and Key Deadlines
March 14 is celebrated as the sixth anniversary of Pi Network's launch. It is also the final deadline for users to complete KYC verification and migrate their coins to the mainnet. Those who miss this deadline may lose a significant portion of their coins, except for those mined within the last six months prior to migration. Many users have expressed frustration due to technical difficulties hindering the migration process.
Rumors of Binance Listing
There have been rumors about the potential listing of Pi Coin on Binance. In February 2025, 86% of voters favored the idea of listing, but Binance stated that this vote is not binding.
Reasons Behind Pi Coin Price Drop
Despite the anticipation of significant announcements, Pi Coin's price dropped by 9%, falling below $1.50. This decline is a textbook example of a 'sell-the-news' event, where investors sell assets post-event to take profit. Prior to the important date, many investors were hopeful for big announcements, but not all news met expectations, leading to active selling.
Despite March 14's importance for the Pi Network, the Pi Coin price decline highlights that short-term trends can significantly impact the market. Investors should exercise caution and consider the project's long-term prospects.
