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Pi Network Faces Continued Sell-Off Amid Token Unlock Concerns
Pi Network (PI) continues its downward trend, hitting $0.7012, its lowest since February 25, marking a 76% decline from its all-time high. This sell-off erased $14 billion from its market cap, dropping it from nearly $20 billion to $4.76 billion.
🔻 Key Factors Driving Pi's Decline:🔹 Upcoming Token Unlocks – Over 124M PI tokens will be unlocked this month, with supply dilution expected to increase.🔹 Rising Inflationary Pressure – Total circulating supply could reach 8.2B PI within a year, contributing to selling pressure.🔹 Lack
Pi Network (PI) continues its downward trend, hitting $0.7012, its lowest since February 25, marking a 76% decline from its all-time high. This sell-off erased $14 billion from its market cap, dropping it from nearly $20 billion to $4.76 billion.
🔻 Key Factors Driving Pi's Decline:🔹 Upcoming Token Unlocks – Over 124M PI tokens will be unlocked this month, with supply dilution expected to increase.🔹 Rising Inflationary Pressure – Total circulating supply could reach 8.2B PI within a year, contributing to selling pressure.🔹 Lack
