🚨Is Pi Network about to crash⁉️💥 Can it reach $1 before 223 million tokens are unlocked?😱🔥

Pi Network has risen over 3% today, with the price hovering around $0.66, but is facing resistance at the $0.70 mark. Market worries are escalating: Today, 5.8 million PI tokens are being unlocked, and in the next 30 days, 223 million tokens will be released, leading to a surge in supply that could drive prices down!

Key Price Trend

If the daily close is above $0.66, it may pave the way for a sprint to $1; otherwise, it may further decline. Pi has dropped from its February listing high of $3 to $0.40, leaving early miners extremely disappointed.

Roots of the Dilemma

Sell-off wave: After the issuance, a large number of users (especially from Africa and Asia) are cashing out, creating significant supply pressure.

High circulation: 6.9 billion in circulation, with a total cap of 100 billion, making it difficult to reach high prices.

Limited applications: Although some businesses accept it, practical utility is lacking, and demand is sluggish.