#PI#
Unfortunately, yes, Pi Coin has been on a downtrend lately. There could be a few possible reasons for this:
* Selling pressure after the mainnet launch: With the long-awaited mainnet launch, miners and early adopters may be selling their Pi Coins to cash out. This could put downward pressure on the price as the supply increases.
* Market supply and demand balance: There may not be enough demand during the initial listings. This could keep the price low.
* Uncertainty: Uncertainties about the future of Pi Coin could also cause investors to be cautious and sell. It would be more advantageous to sell it and buy a washing machine.