Pi (PI) Faces Downward Pressure as Market Sentiment Cools, Ecosystem Updates Fall Short
Pi (PI) has dropped 4.3% over the past 24 hours as trading volumes decline, reflecting a broader cooling trend in the crypto market. The token failed to break through the $0.80-$0.85 resistance zone and is now trading below key psychological levels.
The project’s announcement of a $100 million ecosystem fund backfired, with the community criticizing it as vague and lacking transformative impact. Sentiment worsened as insiders reportedly used minor updates—including five new apps and account recovery features—as an opportunity to exit positions.
Data from Dr. Altcoin indicates sustained selling pressure from early adopters. Without significant adoption catalysts, Pi’s path back to $1 appears increasingly speculative in the current risk-off environment.
