Pi Network Investors Beware: $264M Token Unlock and Domain Expiry Could Trigger Price Volatility in June
The Pi Network is under increased scrutiny as it approaches a $264 million token unlock in June, potentially intensifying downward pressure on its native cryptocurrency. PI has already experienced a 50% decline from its peak above $1.50, currently trading around $0.75 amidst shrinking liquidity.
Market activity reveals a stark contrast - daily trading volume has plummeted from $1.7 billion during its rally to a mere $135 million today. This market dynamic presents a clear bearish scenario: diminishing demand coincides with growing supply. The upcoming token unlock may further disrupt this delicate balance.