✨ Pi Network Price Nears All-Time Low Ahead of 124M Token Unlock ✨
🔹 Pi Network Faces a Steep Decline
Pi Network price has dropped to $0.7012, its lowest level since February 25.
The token is down 76% from its all-time high, wiping out $14 billion in market value.
Market cap has plunged from $20 billion to $4.76 billion.
🔹 Token Unlock Sparks Sell-Off Concerns
Over 124 million Pi coins will be unlocked this month.
Unlocks will continue rising, peaking at 233 million in July.
In the next 12 months, 1.53 billion tokens will be unlocked.
Circulating supply will reach 8.2 billion Pi coins.
🔹 Inflationary Pressure Increases
Pi Network is becoming one of the most inflationary cryptocurrencies.
Maximum supply: 100 billion Pi coins.
Current circulation: 6.7 billion Pi coins.
No clear token burn mechanism announced yet.
Possible burn strategies:
Incinerate tokens not moved to mainnet by June.
Burn ecosystem fees.
🔹 Lack of Exchange Listings Hurts Price
No tier-1 exchange has listed Pi since its mainnet launch in February.
Price continues to trade below the 50-period moving average.
🔹 Could a Reversal Be Near?
A falling wedge pattern has formed, a bullish reversal signal.
If confirmed, Pi Network could rebound in April.
A major exchange listing could be the catalyst Pi needs to test $1 again.
💡 Will Pi Network Overcome These Challenges?
Nicolas Kokkalis, Pi’s co-founder, might address concerns in the first X Space event.
Expected to share the roadmap and discuss future developments.
Stay tuned for updates! ✨
Let me know if you want any refinements or additional details!