BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Pi Coin Under Pressure as 10 Million Token Unlock Sparks Market Sell-Off
Pi Coin Under Pressure as 10 Million Token Unlock Sparks Market Sell-Off
14
3
[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Coin’s price fell below $0.60 following the release of 10.4 million PI tokens into circulation today. The project faces increasing sell pressure as its monthly unlock schedule intensifies—with 231 million tokens set for May, 222 million for June, and a massive 1.4 billion tokens scheduled over the next year.
Currently trading at $0.5883, PI has lost 80% of its all-time high value despite maintaining a $4 billion market cap. Declining trading volume since April suggests a potential accumulation phase per Wyckoff Theory, though continued token unlocks may hinder any stabilization efforts.
By:
Previous
Pi Coin Plummets Below $0.60 as 10M Token Unlock Intensifies Selling Pressure
Next
Fed’s May 7 Rate Decision: Implications for Crypto Markets
