The post Pi Network Recovers 3%, Eyes Set on Token Burn Hopes appeared on BitcoinEthereumNews.com.

Key Notes PI token shot up 3% in the past 24 hours, claiming a daily high of $0.5832. About 1.5 million PI tokens will be released per day starting April 11. Analyst Jeff Moon has predicted that PI could reach a price tag of $3 by June. Pi Network’s native token PI is showing signs of recovery after the price slump on April 8. It is currently trading at around $0.58, up nearly 3% in the past 24 hours. This rebound comes after weeks of sideways to downward movement. The main reason behind this positive shift appears to be the notably low number of Pi unlocks this week. According to data from PiScan, only 1.5 million PI tokens are scheduled to be unlocked per day through April 11. The largest unlock event over the next 30 days is set for April 18, with roughly 9.8 million tokens worth $5.7 million at current prices entering circulation. In total, around 160.74 million PI tokens will be unlocked this month, with a current market value of $93.77 million. Many community members are urging the Pi Core Team to initiate a token burn strategy to mitigate inflation concerns and preserve long-term value. Days of False Hopes Are Over, See It at Face Value! The Pi Community needs to accept the current reality of Pi. The deeper it dips, the longer it takes to bounce back to its all-time high. The quick fix? The PTC should burn its damn billions of Picoins from those 20,000+ Pi… pic.twitter.com/Y0jHGqTQX5 — Dr Altcoin (@Dr_Picoin) April 5, 2025 Meanwhile, there are rumors about a potential listing of PI on Binance. While Binance initiated a community vote back in February, and 86% of voters favored the listing, the exchange has yet to make an official announcement. PI Price Outlook: Rally…

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Filed under: News - @ April 9, 2025 2:10 am