Pi Network Unlocks 188M Tokens for 1M Users, Boosting Price and Sentiment

Pi Network, a highly anticipated cryptocurrency project, is set to unlock 188 million tokens in March, making them accessible to over 1 million users. This significant increase in the user pool is expected to have a substantial impact on the project's price and community sentiment.

The project, which launched its mainnet on February 20, has seen a surge in popularity, with PI's price nearly doubling to a peak of $2.99. Despite earlier criticism, Pi Network has gained recognition from the wider community, with CoinMarketCap now listing it as the 11th largest cryptocurrency, ahead of notable names such as Hedera and Chainlink.

CoinMarketCap's community sentiment indicates that 91% of its users are bullish on Pi, reflecting the enthusiasm surrounding the project. The upcoming token unlock is expected to further fuel this enthusiasm, although the impact on selling pressure may not be immediate, given the lock-up periods for many accounts.

However, Pi Network's community has been vocal on social media, with some users expressing frustration over Binance's perceived listing delays. A Binance community vote overwhelmingly supported Pi, but the listing has yet to go live, prompting intense backlash and review-bombing of the exchange.

Despite these challenges, Pi Network has a resilient community of enthusiastic supporters. The project's popularity has spread across Asia, with users in regions such as China and Vietnam taking a keen interest. While some governments have issued warnings about Pi Network, the project continues to maintain a strong following.