Why Pi Coin is Falling: Check Reasons Behind the PI Coin Price Drop

Pi Coin price has been facing a significant decline in value after March 14. Its price during writing is $1.14 and, 2.53% down in 24 hours. Last week, it was at $1.54 but now stands at $1.08, a significant drop of 25.34% in the last week. With a market cap of $7.85 billion and a 24 hour trading volume of $566.28 million, investors, traders and analysts are already analyzing the reason for Why Pi coin is falling.

Source: CoinMarketCap

Why Pi Coin is Falling? Possible Reasons

Several key factors have contributed to the ongoing price drop, raising concerns among its investors.

1. FOMC Meeting Impact on Crypto Market

One of the primary reasons behind the Fall is the anticipation surrounding the FOMC Meeting Today. The Federal Reserve’s ongoing two-day meeting is expected to conclude with an interest rate decision on Wednesday. While the Fed is likely to keep rates unchanged at 4.50%, investors are keen on the dot plot, which will indicate possible future rate cuts.

Crypto markets, including the platform, have been experiencing volatility as traders wait for a dovish stance from Fed officials. If the Fed signals future rate cuts, it could help Bitcoin and altcoins recover.

2. Pi Coin Burn Speculation and Circulation Issues

Another factor causing uncertainty is the ongoing burn speculation. While some tokens have been burned due to fees and unverified account losses, there is no confirmation of an official burn event. Currently, its total supply is 100 billion, with a circulating supply of 6.84 billion, according to CoinMarketCap.

3. Pi Network Binance Listing Date Uncertainty

Speculation around Binance Listing Date also impacted the token’s value. Many expected Binance to announce a listing on March 14. However, no confirmation from Binance or the project led to disappointment among investors. While Binance conducted a community vote on February 27, 2025, showing 87.1% in favor of listing, the lack of an official announcement resulted in selling pressure.

4. Network Migration Issues

The migration issues have further contributed to its price drop. Some Pioneers have lost tokens due to migration grace period lapses, causing frustration among users. Reports indicate one user lost 1,427 tokens due to delays, prompting many to sell their holdings.

Will Shiba Inu Surpass Pi Coin?

The Coin recently lost its 11th spot on CoinMarketCap and now ranks 17th, with a market cap of $7.84 billion. Meanwhile, Shiba Inu value remains steady at $0.00001257, with a market cap of $7.41 billion.

Source: CoinMarketCap

With continuead decline, analysts predict that Shiba Inu and other altcoins like Polkadot, Litecoin, and Sui could surpass it soon. However, the Binance listing is expected to drive the price to $5 or higher soon.