Pi Networks Market Momentum, Security Upgrades, and the Communitys Call for Binance Listing
- Pi Network launched a 2-Factor Authentication (2FA) to protect users assets and verify migration wallets.
- 97,000 Pi tokens ($110.3M) are set to be unlocked in March, this shows a continuous increase in the market volatility.
- A major crypto X account has urged followers to push for Pi Coins listing on Binance, emphasizing that major exchanges rely on user demand.
Pi Network has been making big moves in the crypto space, with different developments that have fueled excitement and conversations among its growing community.
On the 13th of March, 2025, Pi Network officially launched its 2 Factor Authentication feature to help verify all migration wallets and protect users assets. This was set up to strengthen security and ensure a smooth migration to the Mainnet blockchain.
This new security measure requires selected Pioneers to verify their accounts by using a trusted Email before their Pi balance is successfully transferred. So basically, before any transactions are made, the users are expected to verify their accounts with a trusted Email address.
Some users may already have a trusted email linked to their account, while others will need to set one up. For those who have recently migrated their Pi but are still within the 14-day pending period, completing 2FA is now a requirement. If a user decides not to complete the 2FA process, their Pi Coins will be returned to their mining app, so once the 2FA is completed, their balance will be migrated again without any loss.
Pi Network Selling Pressure and Market Projections
According to Piscan, it could be seen that the price of Pi is currently very volatile, as almost 97,000 Pi, which is equivalent to $110,300,841, is set to be unlocked in just March alone. Although theres a high amount of tokens to be released in March, on the daily time frame, the sell-offs should slow down after March 23.
This high amount of token release shows a notable increase in the circulating supply, which would impact the tokens overall market value. Investors and the members of the community are still very observant as to how this influx might affect Pis price, stability, and liquidity.
Over the past week, Pi Coin has declined so much due to heavy selling. The coin has dropped by almost 23% in value. Its total market cap has fallen below $8 billion, and it is now the 21st most popular altcoin from its former position as the 11th.
According to a chart shared on X, theres a potential upward movement on Pi. This expectation comes from both technical indicators and market sentiment.
Theres a bullish and bearish stance here. If buyers step in and the price breaks above $1.1883, it could rally toward $1.22$1.25. But if the price fails to hold $1.1568, it could then retest the support at $1.1050. Any further breakdown would likely push it toward $1.0483, which shows a deeper correction.
Pi Community Expectations For Binance Listing
Pi Coin community members are still hoping for Binance to list the coin, but Binance has not announced any plans to add it.
A well known crypto X account has shared with its followers to push for Binance to list Pi Coin. The post emphasized that exchanges cannot operate without their users demand and engagement.
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Text source: TronWeekly
