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PI Token Faces Continued Decline as Supply Surge and Volume Drop Weigh on Price
PI Token Faces Continued Decline as Supply Surge and Volume Drop Weigh on Price
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Network’s native token PI continues its downward trend, with trading volume dropping 35% in the past 24 hours to $46.8 million—a significant decline from its $800 million debut during the mainnet launch. The token is currently trading at $0.59, down 80% from its all-time high (ATH) of $2.99.
Supply pressures are intensifying PI’s challenges. According to PiScan data, 231 million tokens will unlock in May, followed by 222 million in June. This impending supply increase adds to the existing bearish momentum, with the token losing 11.4% over the past month and 3.3% this week.
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