Is buying a Pi Network coin a smart move today?

Pi Network, one of the most popular cryptocurrencies, has experienced a significant decline this year as many pioneers sold their tokens and unlocks increased. Its daily unlocks have boosted its circulating supply to over 7.88 billion, a process that will continue in the foreseeable future.

Pi coin has also dropped as investors downplayed the recent network news, including the launch of the Pi Network Ventures and AI Studio. PNV is a $100 million fund created to invest in projects in the ecosystem. It has not announced any investment three months after its launch.

Pi AI Studio was Pi Network’s product to leverage the ongoing boom in the artificial intelligence industry. It is a product that lets users create AI chatbots and applications.

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Pi Network price has also crashed, as most tier-1 and tier-2 exchanges have ignored it. It is now listed in exchanges like OKX, Bitget, MEXC, and Gate.

Other popular exchanges, such as Binance, Crypto.com, and Coinbase, have yet to list it, possibly due to its centralization, as the obscure Pi Foundation holds over 90 billion tokens. These pressures will likely drag its price lower in the near term.

On the positive side, Pi Network price has become a bargain as its price has plummeted. It also has potential catalysts, including an exchange listing announcement and whale buying. Data released this week revealed that a mysterious whale wallet purchased 350 million Pi tokens, valued at $141 million.#pi