Pi Network cryptocurrency crashes 55%: Pi Coin price falls below $1.5 as

Pi Coin has been on a rollercoaster, fluctuating between $1.30 and $2.00 in just a few days. Over the past 24 hours, it plummeted more than 55% from its all-time high, with trading volumes also taking a sharp hit. Yet, despite the turbulence, Pi Coin has climbed to become the 11th largest cryptocurrency on CoinMarketCap in less than a month since its listing on 20 February.

At the time of writing, Pi Coin trades at $1.41, a modest 1.6% rise in 24 hours. However, volumes have dropped by nearly half to $379.1 million. Its market capitalisation stands at $10.18 billion, but with prices still down 53% from its peak of $2.98 on 26 February, investors are on edge.

March 14: The Make-or-Break Deadline

Adding to the uncertainty is Pi Network’s KYC and migration deadline on 14 March 2025—its sixth anniversary. The project has extended this grace period multiple times to allow as many users as possible to verify their balances. However, this is the final chance for Pi holders to complete the required steps before forfeiting their mobile balances.

Pi Network has long marketed itself as a community-driven digital currency, aiming for widespread adoption. However, delays and unclear timelines have cast a shadow over its long-term viability. The upcoming deadline could be a turning point for the project—either bolstering confidence or sparking mass sell-offs.

Binance Listing: The Big Question Mark

A potential Binance listing has been the biggest talking point in the Pi Coin community. According to a recent Binance survey, an overwhelming 86% of users voted in favour of listing Pi. Despite this, Binance has yet to make an official statement, keeping the market in suspense.

A Binance Crypto PM noted on the platform, “PI has already secured listings on multiple CEXs, but Binance has kept the community waiting.” The note further highlighted that Pi has been on a downward trend, falling 20% to around $1.40 in the past week. However, the analyst added, “A Binance listing could be the game-changer needed to push its price back to $3—or even higher.”Another Binance user, PortableDetective07, pointed out that price predictions for Pi Coin remain uncertain. While some analysts believe it could stabilise between $2-$5, others are more bullish, predicting a surge to $30-$70 by the end of the year—assuming major exchange listings and mass adoption. However, the massive volume of mined Pi coins could also send prices tumbling below $1 if selling pressure outweighs demand.

The Wider Crypto Market: Bitcoin and the Trump Factor

Pi Coin’s price drop coincided with a 10.46% decline in the overall crypto market. This came despite the announcement of the US Crypto Reserve, established by former President Donald Trump. According to CoinSwitch Market Desk, the market’s reaction was negative, as investors had expected the US government to inject fresh capital into cryptocurrencies.

Bitcoin has also felt the heat, slipping amid uncertainty surrounding the…