Pi Networks’ price soared by more than 100% within 24 hours to reach $1.51.
Investors and analysts are speculating about future token gains as a result of this dramatic rise.
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A strange development added another layer to the rally: several major exchanges temporarily stopped Pi withdrawals.
Some people think this is just a technical problem, but others say it’s a deliberate strategy to increase demand and control the supply.
Now the question is whether Pi can maintain this momentum, or if there is an imminent correction.
Pi’s Surge and Trading Limits
Pi Network has experienced an explosive growth in price, which is unheard of for a coin that only gained popularity recently on the crypto market.
Pi has been gaining momentum due to a combination of strategic and limited supply.
Leading exchanges like Bitget and OKX halted Pi withdrawals on 21 February 2025. This prevented buyers from moving their Pi holdings to another platform.
In general, users must wait a few days before they can withdraw their tokens and start trading.
The ongoing restrictions of Pi, even though they are listed, has raised the question as to whether it is just a delay in releasing new versions or a part of an overall strategy for scarcity.
Investors that deposited Pi on these exchanges prior to the rally are still able to withdraw their funds. However, those who bought Pi at new highs face withdrawal restrictions.
The discrepancy in the price of the token has led to speculations that these restrictions were not an accident but rather a deliberate move designed to maintain the rapid increase.
Value driven by scarcity
Pi Network’s unusual trading behavior suggests its rise isn’t solely due to market demand. Inability to sell their stock has led new buyers not to be able withdraw it, reducing the selling pressure and artificially boosting the price.
The crypto market is no stranger to this tactic. Tokens that have a limited supply are often subjected to exaggerated prices when the demand for them increases.
Pi’s Network has operated in a different way than traditional cryptocurrency for a long time.
Pi is largely confined to its ecosystem. Unlike Bitcoin and Ethereum which offer public wallets with transparent transactions.
It is clear that Pi developers have carefully managed the market entry of the device to avoid early sales.
This is good for long-term investors, as it creates a price spike driven by scarcity. However, there are concerns over what might happen if the restrictions were lifted.
Can Pi keep rising?
The recent Pi price movement raises the question of whether it is sustainable.
When trading restrictions are lifted, tokens that have a limited supply often experience steep corrections.
A possible easing of the withdrawal restrictions may trigger a significant price drop if Pi’s recent surge in value is due to these limitations.
Pi’s increasing user base, and its enthusiasm for potential uses cases can provide price stability.
Early adopters held on to their Pis, anticipating full integration with the exchange. The longer restrictions are in place, however, the higher prices could be.
Investors may start to sell their Pi positions as soon as they feel the confidence has diminished. This could lead to a steep price decline.
Pi’s future trajectory will be determined by the coming days. The price of Pi could rise if withdrawals are restricted, and the demand for it continues to increase.
If restrictions are suddenly lifted, volatility could increase as the market tests whether Pi’s rally was based on real demand or just temporary conditions.
The momentum of this post Pi Coin is doubling in just 24 hours. This post may be updated as new information unfolds
