Pi Network in Deep Freeze?
Trading Volume Plummets by 35% ❄️📉
Once hailed as the future of decentralized apps, Pi Network (PI) is now struggling to hold its ground.
The token’s price sits at $0.59, a staggering 80% below its all-time high of $2.99. What’s going wrong?
Key Breakdown:
Trading volume has dropped from $800M+ to just $46.8M — a 35% drop in just 24 hours!
Token Unlock Alert: Over 1.4 billion PI tokens (worth $850M) are set to hit the market in the next 12 months. More supply, less demand = price pressure! ⚠️
Still not listed on Binance or Coinbase, and confidence took a hit after BitMart halted PI trading & HTX delisted it.
KYC delays continue, frustrating millions waiting for verification.
RSI at 40.87 signals weakness, and the token sits below all major moving averages.
Is there any hope?
A potential SDK launch in June could drive developer interest, and a breakout above $0.62 might spark a mini rally to $0.67 — but risks remain high. If PI slips below $0.56, we could see new all-time lows.
Can Pi rise again or is the hype over?
Time and tokens will tell. ⏳
#PiNetwork #CryptoUpdate #TokenUnlocks #PiPriceCrash #USHouseMarketStructureDraft