Pi Network Token Value Soars: Daily Increase of 15% Propels PI Towards the Top 30 Altcoins

Despite a recent drop to an all-time low of $0.407 on April 5, Pi Network’s native token, PI, has bounced back with a 50% increase on a weekly scale and a 15% daily surge. This rebound places PI close to the top 30 altcoins by market capitalization, despite being still 60% down on the monthly chart.

Currently trading near $0.7, PI's market cap has risen to $4.7 billion, ranking 31st among the largest assets. However, potential warning signs loom as approximately 10 million tokens are set to be unlocked on April 18, which could increase selling pressure and potentially drive the price down.