Pi Coin Drops 20% Amid Pi Day Disappointment, KYC Purge

Pi Coin, the native cryptocurrency of the Pi Network, has recently experienced a significant price correction, with its value dropping by over 20% from its peak. Currently, Pi Coin is trading at approximately $1.67, reflecting a decline of more than 3% from its recent high. This price movement has sparked discussions among traders and analysts about the future trajectory of Pi Coin, particularly whether it can still reach the $3 mark.

The resistance level for Pi Coin is currently around $1.90. A successful breakout above this point could potentially trigger bullish momentum, with $3 being the next major target. This optimistic outlook is supported by the recent price surge, which saw Pi Coin's value rise by 70% from $1.20 to $1.74 on March 13, 2025. This surge was largely driven by speculation surrounding a potential listing on a major exchange, which has fueled investor optimism and confidence in the cryptocurrency's future prospects.

Despite the recent dip, market sentiment remains cautiously optimistic. Traders are closely monitoring the price movements and awaiting further developments that could influence Pi Coin's trajectory. The cryptocurrency has shown resilience in the past, consolidating near the $1.33 support zone after reaching a high of $3 in late February. This consolidation phase suggests that Pi Coin is building a strong foundation for future growth, and investors are hopeful that the cryptocurrency will regain its momentum and continue its upward trend.

Pi Network’s much-anticipated Pi Day celebrations failed to meet expectations, resulting in a significant sell-off. One of the main reasons behind this was the KYC purge, where millions of unverified accounts lost their Pi tokens, leading to frustration and panic selling among the community. Another contributing factor is the market constraints, as Pi Network still operates within a closed-loop economy without open blockchain access and major exchange listings, limiting its growth potential.

Despite the challenges, Pi Network remains optimistic about its future. The recent launch of domain bidding with Pi Coins has sparked renewed excitement, offering community members the chance to secure unique domain names in the decentralized space. This development is seen as a potential game-changer for Web3. Looking ahead, the future of Pi Network will depend on its ability to develop stronger utility, gain real-world adoption, and deliver a clear, actionable roadmap. With ongoing developments and potential exchange listings, many are hopeful that Pi Network could soon rise to new highs.