Pi Coin Plummets! Security Issues and Token Unlocking Trigger Market Panic!
Pi Coin Plummets 5%!
In June 2025, Pi Coin experienced a sharp drop of 5% due to serious security risks and the upcoming token unlocking plan, which drew widespread attention from the crypto market.
Major Risk: Token Unlocking Triggers Panic!
The Pi Network plans to release 276 million tokens, a news that has caused panic among investors, with widespread concerns that the influx of new tokens will further depress the price of Pi Coin. This move has left the market uneasy about the future trend of Pi Coin, which has already plummeted 80% from its historical high!
Beware of Phishing: Project Leader Issues Urgent Reminder!
At this critical moment, project leader Dr. Nicolas Kokkalis reminds users to be cautious of phishing scams to avoid falling victim to fraudulent activities. Market sentiment is low, with investors withdrawing en masse, leading to further price declines.
Market Reaction: Independent Trading, Major Coins Unaffected!
Currently, Pi Coin is trading independently and has not significantly impacted the mainstream cryptocurrency market, such as Bitcoin (BTC) and Ethereum (ETH). However, in the short term, the downward trend of Pi Coin remains evident, and investors are filled with concerns about the future.
Historical Trend Warning: Unlocking Tokens Often Triggers Plummets!
Historical data shows that similar token unlocking events, such as those of UNI and APE, typically lead to significant price declines. Market analysts predict that the price of Pi Coin may fall further, with target prices potentially dropping to the range of $0.56 to $0.40!
Technical Analysis: Clear Bearish Signals!
From a technical perspective, Pi Coin has formed a typical inverted cup and handle pattern on the 4-hour candlestick chart, indicating strong bearish continuation signals. At the same time, the current price has also fallen below the 50-day moving average, with market momentum clearly favoring bears. In the short term, Pi Coin may continue to face downward pressure.
Can it Bounce Back? Investors Should Be Cautious!
The future of Pi Coin is fraught with uncertainty, and as token unlocking and security issues continue to develop, the price may face greater downward potential. Investors should remain vigilant at this time, make cautious decisions, and avoid losses as prices may decline further.
