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Pi Network Braces for Potential Price Drop as 275 Million Tokens Set to Unlock
Pi Network Braces for Potential Price Drop as 275 Million Tokens Set to Unlock
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Network faces significant selling pressure as 276 million PI tokens (worth ~$176M) become unlocked in June. Technical indicators show weakening demand, with the token’s RSI at 40.49 confirming sustained distribution. This token release comes amid broader crypto market weakness, where large unlocks typically lead to price declines when supply outstrips demand. Analysts warn PI could retest its all-time low of $0.40, with further downside possible if market conditions worsen.
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