The celebrated revolutionary cryptocurrency project, the Pi Network, has had a roller-coaster ride since its Mainnet launch on 20th February 2025…
The Pi Coin opened at USD 1.45 and fell to USD 0.7 within the first day of its trading. It’s currently hovering around the USD 1.5-1.7 range, having rallied 20% in a single day, outpacing other cryptocurrencies in terms of gains and making it the 12th largest cryptocurrency in the world.
Today, the Pi Network is at a crossroads. While it has been gaining traction for reasons like a potential Binance listing and the fact that it can be mined easily on smartphones, it’s also facing criticism for technical issues surrounding migration to the Mainnet and completion of KYC (Know Your Customer) regulations.
Notably, many are deeming its current price surge due to the optimism surrounding the upcoming Pi Day, March 14th, with many anticipating a flurry of announcements. Incidentally, March 14th, 2025 happens to be the 6th anniversary of the Pi Network. So, what awaits the crypto on this date?
KYC Glitches
The cryptocurrency’s early adopters — pioneers — have been on a roll ever since the Mainnet was launched, but have had issues and concerns over the difficult process of transferring their mined Pi Coins to the Mainnet. The deadline? March 14th. The Pi Network has set 8:00 AM UTC (Coordinated Universal Time) as the final cutoff for the KYC verification and migration. Those who cannot meet this deadline risk losing a major chunk of their Pi holdings (except for the ones mined in the last six months).
In fact, the March 14th deadline itself is a grace period extension to ease the transition. But with many users still battling technical glitches, many have called for an extension of the deadline until all technical issues have been resolved. With bullish and bearish scenarios both surrounding the Pi coin, it will not be surprising if there are last-minute announcements pulled out of the hat.
A Possible Binance Listing
One of the biggest pieces of exciting news surrounding the date is the possibility of Binance, the world’s largest cryptocurrency exchange, finally listing the Pi Coin on March 14th. While the listing is still a potential one and not a shoo-in, it could mean a major breakthrough for the crypto. This is especially more so since it’s already found its way onto several major CEXs (centralised exchanges) but remains absent from the Binance roster.
Pi Network supporters, including pioneers, have been pushing for a Binance listing for a while now. In fact, Binance put forward an unorthodox but rather well-thought way of deciding which way the winds should blow by holding a community vote on the matter. The results? Nearly 86% of nearly 300,000 participants supported the token being possibly listed. However, even though the approval was overwhelming, Binance insisted that the vote was simply a reference point.
So, with Binance in a wait-and-watch mode, the community is hoping that March 14th is when the tides turn in their favour.
One recent piece of news from Binance lifted the hopes of the community. On March 8th, 2025, Binance announced a shift in its token listing strategy with a new co-governance model. It allows the cryptocurrency community to be more actively involved in deciding tokens and their possible listings. With its strong showing in the February vote and the fact that its sixth anniversary is coming up, the Pi Network is hoping that hopefully, these two pieces of information could possibly be the perfect backdrop for a high-profile listing.
Pi Coin Price Pegging To Bring Stability?
Apart from everything else we’ve mentioned, the surge also has another reason: there have been rumours of an impending price-pegging mechanism of the Pi coin on the blockchain. Recently, the Pi Network community discovered a smart contract code referencing Pi Coin linked to Chainlink, a decentralized blockchain oracle network that is employed to facilitate the transfer of tamper-proof data from off-chain resources to on-chain smart contracts.
The price-pegging mechanism is usually used in stablecoins like USDC and USDT which tie their value to assets like gold or USD. If verified, the price pegging method is expected to bring much stability to the Pi Coin’s value, which is why it’s been fuelling investor enthusiasm further.
What Will Happen On March 14th?
As the cryptocurrency’s anniversary date draws closer, pioneers and other network supporters are hoping that Binance will finally give the community the green light. There’s no doubt that it will solidify the Pi Coin’s place as a top-tier crypto asset while also triggering a price surge. Of course, this mobile-mined cryptocurrency’s journey has been anything but easy, with it being plagued by issues like delays in the Mainnet launch, transparency concerns, and the wait for a potential Binance listing without any clarity on its stance.
However, supporters remain confident in the Pi Network’s long-term vision, and we’re excited to see whether March 14th is the game-changer that it promises to be.
In case you missed:
- The Pi Mainnet Launch – What It Heralds For The Pi Coin and Pioneers
- The Pi Network: IOUs, Coins, And The Network’s Future
- Everything you need to know about Pi Network
- The Life of Pi Network – FAQs and Everything Else You Want To Know
- Bitcoin Halving: Everything You Want to Know
- Memecoins: Scheme-Coins Or Valuable Digital Assets
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