Pi Coin has been experiencing a sharp decline since March 14, dropping significantly in value. At the time of writing, its price is $1.14, reflecting a 4.32% surge in the last 24 hours. Pi Coin traded at $1.54 a week ago but has since fallen to $1.08, marking a 30.09% loss. Despite maintaining a market cap of $7.88 billion and a 24-hour trading volume of $476.11 million, traders and analysts continue investigating the reasons behind the drop.
Why Is Pi Coin Falling? Key Factors Behind the Decline
Several factors have contributed to Pi Coin’s price slump, creating uncertainty among investors.
1. Federal Reserve’s FOMC Meeting Sparks Market Volatility
Market uncertainty surrounding the Federal Open Market Committee (FOMC) meeting has impacted Pi Coin’s performance. The Federal Reserve’s ongoing two-day meeting, set to conclude with an interest rate decision, has left investors on edge. While the Fed is expected to maintain interest rates at 4.50%, traders closely watch the dot plot for any hints of future rate cuts.
The anticipation has triggered volatility across the crypto market. If the Fed signals an upcoming rate cut, Bitcoin and other altcoins could recover, potentially influencing Pi Coin’s trajectory.
2. Pi Coin Burn Speculation and Circulation Concerns
Ongoing speculation about Pi Coin’s token burn has added to market uncertainty. Some tokens have been burned due to transaction fees and unverified account losses, but no official burn event is confirmed. According to CoinMarketCap, Pi Coin currently has a total supply of 100 billion, with 6.84 billion in circulation.
3. Binance Listing Delays Disappoint Investors
Many investors had high hopes for Pi Coin’s Binance listing on March 14. However, Binance has not provided an official confirmation, leading to disappointment and selling pressure.
On February 27, 2025, Binance conducted a community vote, where 87.1% of participants supported the listing. Despite the overwhelming vote, the absence of an official announcement fueled further uncertainty, causing Pi Coin’s value to drop.
4. Network Migration Issues Lead to Token Losses
Network migration problems have also contributed to Pi Coin’s decline. Some Pioneers lost tokens due to migration grace period lapses, increasing frustration among users. Reports indicate that one user lost 1,427 tokens due to migration delays, prompting more investors to offload their holdings.
Can Shiba Inu Overtake Pi Coin?
Pi Coin recently lost its position as the 11th largest cryptocurrency on CoinMarketCap and now ranks 17th, with a market cap of $7.84 billion. Meanwhile, Shiba Inu has maintained its value at $0.00001271, boasting a market cap of $7.49 billion.
With Pi Coin’s recent struggles, investors are closely watching whether Shiba Inu could surpass it in market ranking. The coming days will determine whether Pi Coin can regain momentum or continue its downward trend.
