PI Coin Crashes 40% in a Week — Will Coinbase Listing or Token Burn Reverse the Panic?
Pi Coin plunges over 40% in a week, trading near $0.55. Hopes for a Coinbase listing rise as the community seeks recovery.
Pi Network, once hailed as a game-changer in the crypto space with its mobile mining model and grassroots approach, is now facing its most critical moment yet. With a massive 60 million-user base, the community is in panic mode after PI Coin dropped 15% in a single day, deepening its weekly losses to over 40%. Now trading around $0.55, the conversation has shifted from growth to survival.
Among users, the loudest hope is clear: a listing on Coinbase. But is that truly enough to reverse Pi’s downward spiral?
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📉 The Fall After the Hype
Back in February, Pi Network was the center of global crypto hype. Despite no official exchange listing, enthusiasm drove price momentum as the ecosystem expanded.
However, major exchanges like Binance have remained silent, and Pi Coin’s price has since collapsed, losing more than 72% from its $2 peak. With sentiment plummeting, the project now teeters between revival and long-term stagnation.
🧩 Coinbase Listing Rumors: The Last Lifeline?
The focus is now on Coinbase, especially after a cryptic tweet by Paul Grewal, Coinbase’s Chief Legal Officer, on March 14 (Pi Day), where he posted Pi’s logo. This triggered speculation that Coinbase may consider listing PI Coin.
Historically, Coinbase takes community support seriously when evaluating listings. With 60 million global users, Pi’s community could play a pivotal role. If listed, PI might regain momentum and possibly retest the $1 level, offering traders and holders a much-needed psychological boost.
🔥 Could Token Burning Be the Alternative?
Even if the listing doesn’t come soon, some experts suggest that burning PI tokens could stabilize prices. A supply reduction might attract more interest by improving scarcity, a tactic commonly used by projects in similar downturns.
However, no official plans have been announced by the Pi Network team regarding token burns, leaving many to speculate whether leadership is willing to take aggressive action.
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📊 Technical Outlook: Oversold but Still Bearish
From a technical standpoint, PI is currently in oversold territory. Its RSI sits at 29, and the MACD remains deep in the red, indicating strong selling pressure. If the coin fails to reclaim the $0.60 support, analysts warn the next key level may fall to $0.40.
Without a clear reversal signal, investors remain cautious, watching price action closely for any signs of recovery.
⏳ Community on Edge
As speculation builds, the Pi community anxiously awaits official news from Coinbase or the Pi Network team. Without intervention, many fear that users will begin to exit the ecosystem in search of more promising projects.
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For now, the fate of PI Coin hangs on two possibilities: a major exchange listing or bold tokenomics changes. Either could define whether Pi rebounds—or fades further into decline.
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