Pi Network Faces Volatility: 25% Drop Post-Token Unlock as Binance Listing Rumors Swirl

Pi Network (PI) experienced a sharp 25% decline to $1.10 after the release of 8 million unlocked tokens, disrupting its recent upward trend that had seen prices reach $1.40 on certain exchanges. The sell-off comes amid anticipation of an additional 13 million token unlock scheduled for May 15. Despite the downturn, Pi recorded $1.9 billion in trading volume just 24 hours prior, driven by significant whale activity, with single transactions reaching triple-digit figures. Speculation about a potential Binance listing has added to the market’s volatility, leaving investors cautious yet intrigued about the network’s future developments.

Pi Network Crashes 25% Amid 8 Million Token Unlock, Binance Listing Speculation Emerges

Pi Network (PI) plummeted 25% to $1.10 following an 8 million token unlock, abruptly halting its recent rally that had pushed prices to $1.40 on select exchanges. The sell-off coincides with looming concerns over another 13 million token release scheduled for May 15.

Just 24 hours prior, PI recorded $1.9 billion in trading volume fueled by whale activity, with single transactions triggering triple-digit percentage gains. Market observers now question whether rumored Binance listing talks could stabilize the asset amid escalating supply pressures.

MOODENG Surges 705% In 5 Days On Binance Alpha Buzz — Will It Revisit $0.60?

MOODENG, a Solana-based meme coin featuring cartoon baby hippo branding, skyrocketed 705% from $0.038 to $0.29 in just five days. The rally coincided with exposure through Binance’s Alpha spotlight program, drawing speculative interest.

Open Interest exploded from $40 million to $267 million as Leveraged positions flooded in, while daily volume hit a record $6.9 billion. Short sellers faced heavy liquidations during the parabolic move.

The token now faces a critical technical test at the $0.28 resistance level. With trading volume cooling, the market must determine whether this represents a consolidation before continuation or the start of a deeper retracement.