PI Token Faces 35% Price Correction Ahead of Key Pi Network Update

Pi Network’s native cryptocurrency PI saw a sharp 35% price decline within hours, wiping out recent gains driven by anticipation of a May 14 project announcement. The token had previously found support near $0.60 before this abrupt market correction.

Analysts are split on PI’s outlook. Bullish perspectives suggest this could be a healthy pullback before potential upside, with some maintaining $2+ price targets. Bearish voices highlight the volatility as characteristic of speculative altcoins in early development phases.

This event exemplifies the extreme volatility common in cryptocurrency markets, particularly among low-cap assets like Pi that can experience double-digit percentage moves within single trading sessions. The price action occurred without direct attribution to any specific exchange activity.