Will Pi Coin Crash After Mainnet Launch? Price Trends and Predictions

Pi Network Mainnet Launch: A Turning Point?

After seven years of development, Pi Network's Tap-to-Earn mainnet is finally launching today at 8 AM UTC. However, the market sentiment remains uncertain as Pi Coin has already plunged 55%, currently trading around $30. This sharp decline has triggered fears that the mainnet launch could lead to even more losses. Will the Pi Coin crash post-launch, or will it stabilize? Let's analyze the key factors influencing its price.

Early Miners Could Trigger a Sell-Off

One of the biggest risks for Pi Coin stems from its early adopters. Many early miners have accumulated large amounts of Pi at little to no cost. With the mainnet launch providing the first real opportunity for cashing out, a significant portion of these holders might decide to sell.

Potential Market Impact

• Increased Sell Pressure – If a large number of early miners sell their holdings at once, the market could be flooded with Pi tokens, driving prices lower.

• Profit-Taking Behavior – Some holders may sell a portion of their tokens to lock in profits, expecting a post-launch decline.

• Liquidity Concerns – If demand fails to keep up with the increased supply, the price could continue its downward trend.

Market Trends and Technical Indicators

Pi Coin has experienced extreme price volatility leading up to the mainnet launch. Following the official announcement, the token saw a 90% surge from $49 to $92. However, this bullish momentum was short-lived as prices sharply declined afterward.

Warning Signs to Watch

• Key Support Breakdown – Pi recently fell below the crucial $40 support level, which had previously helped stabilize its price.

• Overbought Signal Reversal – The Relative Strength Index (RSI) recently entered the overbought zone, a signal that often precedes sharp price corrections. As expected, Pi’s RSI has since dropped, suggesting more downside potential.

• Bearish Momentum – The declining RSI and loss of key support levels indicate that Pi Coin could see further losses in the coming days.

Will Pi Follow the Airdropped Crypto Trend?

History shows that cryptocurrencies launched via airdrops often face significant price declines. Since these tokens are distributed for free or at low cost, many holders tend to sell them as soon as trading begins.

Factors Contributing to Price Drops

• High Initial Supply – A surge of tokens entering circulation can overwhelm buying demand, leading to price drops.

• Speculative Trading – Many investors treat airdropped tokens as quick-profit opportunities rather than long-term investments.

• Lack of Immediate Utility – If Pi lacks strong use cases at launch, its value may struggle to hold up against sell pressure.

Given these factors, Pi Coin may follow the trend of other airdropped cryptos, facing an extended period of downward price movement.

Pi Coin Price Outlook: Further Declines Ahead?

As of now, Pi Coin (IOU) has sharply declined to $32 after a 57% drop in the past 24 hours. This crash followed the token’s inability to maintain the $50 support level. With the mainnet launch imminent, uncertainty looms over its price action.

Key Price Levels to Watch

• Current Support at $30 – If Pi holds above this level, it may stabilize in the short term.

• Potential Drop to $17 – A breakdown below $30 could trigger a deeper decline toward the next major support at $17.

• Post-Launch Volatility – Investors should brace for heightened volatility as trading volume increases following the mainnet launch.

Conclusion: Is Pi Coin Headed for a Major Crash?

Pi Network's mainnet launch is a significant milestone, but it also introduces considerable risks. The combination of early miner sell-offs, bearish technical indicators, and the historical trend of airdropped cryptos all point to potential further declines. While Pi Coin still holds above $30, breaking below this level could accelerate losses.

Investors should exercise caution and closely monitor key support levels as the mainnet launch unfolds.

Frequently Asked Questions (FAQs)

1. What is the current price of Pi Coin?

As of now, Pi Coin (IOU) is trading around $32, having dropped 57% in the last 24 hours.

2. Why is Pi Coin’s price dropping before the mainnet launch?

Several factors are contributing to the decline, including early miner sell-offs, bearish technical signals, and overall market uncertainty surrounding the launch.

3. Could Pi Coin recover after the mainnet launch?

While recovery is possible, the token faces significant selling pressure. If demand remains strong and the ecosystem grows, Pi Coin may stabilize over time.

4. What support levels should Pi Coin investors watch?

Key support levels include $30 and $17. A break below these levels could signal further declines.

5. Does Pi Coin follow the trend of airdropped cryptos?

Yes, many airdropped cryptos experience initial price drops due to high sell pressure from holders who received free or low-cost tokens.

6. Should I invest in Pi Coin now?

Investing in Pi Coin carries high risk due to its current volatility. Potential investors should conduct thorough research and consider their risk tolerance before making a decision.