Pi Network vs. Shiba Inu: Will Supply Dynamics Trigger a Meme Coin Repeat?

Another day, another crypto project flirting with inflationary disaster. Pi Network’s looming supply unlock has traders asking: Is this Shiba Inu 2.0?

The trillion-token question: Pi’s theoretical max supply dwarfs even SHIB’s infamous float. Mainnet migration hype might pump it—but history suggests gravity wins when tokens flood the market.

Remember when ’community-driven’ just meant ’no actual use case’? Good times. Either Pi’s utility play delivers fast, or it’ll join the graveyard of vaporware coins that made bagholders, not millionaires.

Pi Coin’s Supply Dilemma

Pi Coin’s current circulating supply is 7.11 billion, with a maximum supply of 100 billion. Although almost half of the total supply is locked to ensure that prices are stable and volatility is reduced, the rest is being released slowly into the market. 

This gradual unlock is meant to incentivize the network and ecosystem growth, but it also means that the market will be inundated with new coins for years to come.

The laws of economics are obvious:

This is particularly the case with many cryptocurrencies that have large token supplies. The sheer number of coins can be a weight on price unless there is explosive demand or unique utility or any specific use case.

Shiba Inu: A Supply and Sentiment Case Study

If you want to see what Pi is in trouble with, you need not look any further than Shiba Inu. Introduced as a meme coin, SHIB captured the imagination of the world with a fanatical community and a supply of almost 590 trillion tokens.

In spite of viral campaigns and celebrity endorsements, the price of SHIB has never come close to the much-hyped $1 mark-just because the supply is too big for such a price to be mathematically viable without an astronomical market cap.

The team of shiba inu has attempted to offset this with violent token burns, which permanently removes coins from circulation to create scarcity. Although this has offered some price support and driven speculative rallies, it hasn’t transformed the supply-demand equation enough to provide the sustained, exponential price growth.

Both coins have the same fundamental challenge of massive supply. However, Pi’s supply is orders of magnitude lower than SHIB’s, and it is distributed in a much more controlled manner, with close to half of the coins locked and a focus on rewarding active participants. This, in theory, could help Pi avoid the extreme dilution that has been a curse to SHIB.

Also Read: Shiba Inu price prediction 2025: How High Will SHIB Rise?

Comparing Pi Coin and Shiba Inu On Technical Charts

Shiba Inu

Shiba Inu (SHIB) hit its all-time high of $0.00008845 on October 28, 2021, about 4 years ago during the 2021 bull run. It is currently trading 82% down from it’s all-time high. Despite this, the larger position of its community (88%) is still bullish on this coin, as per CoinMarketCap data.

At the time of writing, SHIB was trading at $0.00001530 with an intraday drawdown of 6%, showcasing bearish sentiments while trading below the 200-EMA and facing rejections from upper resistance bands. It currently stands at a market cap of $9.03 billion.

Pi Coin

On the other hand, PI Coin (PI) is performing better, thanks to the PI foundation buyback strategy and PI community efforts. It shows a bullish cross on the technical chart, indicating bullish sentiments. With a full swing, PI is expected to continue the rally with a good bounce above the $1.5 mark.

At the time of writing, PI was trading at $0.8657 with an intraday drop of 31%, showing a sharp correction after a bounce. Its current market cap stands at $6.17 billion.

Is Pi Coin Destined To Fail Just Like Shiba Inu?

Pi Network is not “destined to fail” but it has a long, uphill road ahead. Its supply mechanics are more advanced than Shiba Inu’s, and its community is very committed to creating actual value. However, if Pi fails to create a sustained demand and establish a distinctive niche in the highly competitive crypto world, its price will most likely stay muted, reflecting the plight of other high-supply coins.

At the end of the day, Pi’s future will not be determined by hype, but by its capacity to translate vision into value-and to keep demand rising as supply inexorably rises.

Also Read: Can Pi Coin turn your fortunes around in 2025? A Reality Check