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Pi Coin Experiences 12% Drop as Exchange Deposits Hit 347.6M Ahead of Pi Day 2
Pi Coin Experiences 12% Drop as Exchange Deposits Hit 347.6M Ahead of Pi Day 2
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PI News -
Pi Coin's price has dropped 12% this week as exchange deposits surged to 347.6 million tokens, indicating potential sell-offs. Trading volume increased by 9% to $96 million, showing heightened market activity amid declining community confidence.
The cryptocurrency is currently trading at $0.55, down 3.08% in recent sessions. Community leaders, including Mr. Spock, are calling for greater transparency from developers regarding user metrics, partnerships, and supply details, rather than promotional hype.
Despite being among the top 30 cryptocurrencies by market cap, Pi Network continues to face liquidity issues. Analysts suggest that future price rallies may depend on broader altcoin season momentum and potential ETF approvals.
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