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Pi Coin Plummets Below $0.60 as 10M Token Unlock Intensifies Selling Pressure
Pi Coin Plummets Below $0.60 as 10M Token Unlock Intensifies Selling Pressure
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Coin’s valuation continues to decline as inflationary tokenomics weigh heavily on the asset. Currently trading at $0.5883, it sits 80% below its all-time high despite maintaining a $4 billion market cap.
The release of 10.4 million tokens today adds to existing selling pressure. Future unlocks pose significant concerns—231 million tokens in May, 222 million in June, and a massive 1.4 billion over the next year. This $850 million overhang creates substantial headwinds for price recovery.
The market seems to have priced in this dilution, with Pi Coin’s value remaining rangebound since April. This stagnation suggests traders expect further downside as circulating supply increases.
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