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Pi Network’s PI Token Extends Downtrend Amid Unlock Concerns
Pi Network’s PI Token Extends Downtrend Amid Unlock Concerns
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Network’s native token, PI, continues its downward trend, losing nearly 10% over the past week to trade at $0.59. This decline represents a 23% drop from last month’s peak and an 80% fall from its February all-time high of $2.99.
The market cap now sits at $4.1 billion, with daily trading volume shrinking by 40% to $75 million. Concerns about dilution have grown among investors following April’s unlock of 21.4 million PI tokens, worth $12.3 million, as they anticipate larger future releases.
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