Pi Coin: Possible Coinbase listing sparks fresh excitement, but volatility clouds the outlook

Pi Network is generating fresh excitement in the crypto community following hints that Coinbase may soon list Pi Coin.

This speculation gained momentum after Pi Network restored transferable Pi coins, driving a noticeable increase in token value.

The buzz began when Paul Grewal, Coinbase’s Chief Legal Officer, tweeted on Pi Day with an image of pies decorated with the Pi logo. His caption, “We take Pi Day at @coinbase very seriously,” fuelled speculation about Pi Coin’s potential listing on one of the world’s largest cryptocurrency exchanges. While no official confirmation has come from Coinbase, Grewal’s tweet has been enough to stir anticipation among investors.

Pi Coin’s current market performance reflects mixed signals. As per data from CoinMarketCap, the token is trading at around $1.38, down over 7% in the past 24 hours. Its market cap stands at approximately $9.59 billion, with a daily trading volume of $352.7 million — a 10.75% increase from the previous day. Despite recent price suppression, market analysts remain cautiously optimistic about Pi Coin's future.

According to CoinCodex, Pi Coin’s price is projected to climb by 30.37%, reaching approximately $1.83 by March 22, 2025. However, the broader market sentiment remains bearish, with the Fear & Greed Index at 32, indicating investor anxiety. Over the past 30 days, Pi Coin saw positive price movement on only 8 out of 25 days, underscoring its volatility.

Meanwhile, the cryptocurrency market is experiencing a broader upswing. Bitcoin recently breached the $83,000 mark, while altcoins like Solana and XRP have also posted notable gains.

This positive momentum could spill over to Pi Coin, especially if the Coinbase listing materialises.

Pi Network is also positioning itself for long-term growth. The network is nearing the end of its grace period for unverified balances, signalling a transition into a more mainstream phase. Additionally, the upcoming auction for Pi domains suggests increasing real-world utility and deeper integration into the digital ecosystem.

With a circulating supply of 6.93 billion Pi and a maximum supply capped at 100 billion Pi, Pi Network’s future hinges on both market sentiment and the successful implementation of its ecosystem. A Coinbase listing could provide the much-needed boost, turning Pi Coin into a mainstream player in the crypto market.