Fears and fluctuations for Pi Coin.. and the price is approaching a major drop..
Despite Pay Network announcing partnerships with Banxa and Onramper to facilitate the buying and selling of the currency in local currencies, the price of Pi Coin has dropped by 3.6% to reach $0.535.
Banxa purchased 30.5 million Pi tokens to enhance liquidity, but concerns over the issuance of 337 million new tokens in July are putting pressure on the price, with expectations of it dropping to $0.40.
