$PI Faces Supply Surge as Price Hikes to $3 Remain Uncertain

The $PI token is currently trading near $0.74, raising questions about its potential to reach the $3 price level. For this to occur, the token would need to achieve a market capitalization of over $21 billion. Given the dynamic supply model of $PI, which expands through KYC verification and mainnet migration processes, the feasibility of such a price movement depends heavily on demand growth that can outpace supply increases [1].

The circulating supply of $PI is currently 7.19 billion tokens and is expected to rise as more users complete KYC verification and unlock their tokens. This process allows tokens to become tradable on the mainnet, increasing the supply in circulation. Unless demand keeps pace, the growing supply may lead to downward price pressure [1]. Token release mechanisms like vesting and staking may offer some inflation control, but supply management remains a significant challenge [1].

Initiatives such as Pi Network Ventures and events like PiFest 2025 aim to enhance the real-world utility of $PI, potentially stimulating long-term demand. These efforts are critical in offsetting the impact of supply expansion and supporting price stability [1]. However, the token must also navigate a competitive landscape dominated by major networks like Ethereum and Solana. While $PI’s unique invite-only model and growing ecosystem provide differentiation, sustained adoption is necessary to compete [1].

Market conditions have been volatile since the launch of the Open Network, with $PI dropping 77% from its February 2025 high. This correction highlights the uncertainty surrounding its price trajectory, particularly as supply continues to expand [1]. Ecosystem developments, including PiFest 2025, may improve sentiment and drive further adoption, but regulatory compliance and global standards present additional hurdles [1].

For $PI to reach $3, demand must grow significantly. If the circulating supply rises to 10 billion tokens, the required market cap would be even higher, potentially placing $PI in the same category as mid-tier projects like Chainlink or Avalanche. However, this outcome is contingent on strategic supply control and consistent market support [1].

Source: [1] As $PI Trades at $0.74, Is a $3 Breakout Still on the Table? (https://coinmarketcap.com/community/articles/689462d3c4aa384a36ed20eb/)