Pi Coin at a Crossroads: Community Holds Breath for Pi Day Updates Amid Market Slump
Pi Network's cryptocurrency (PI) has dropped 32.4% over the past month, breaking critical support at $0.60. This decline highlights growing frustration within the community due to the Pi Core Team's silence following the public mainnet launch.
With 263 million Pi tokens (worth $143 million) unlocking this month—the largest supply influx until 2027—market pressures are intensifying alongside geopolitical tensions affecting the token. Analysts caution that without intervention, PI could fall further to $0.40.
Attention now shifts to the upcoming PI Day event on June 28, where developers may reveal plans to expand the ecosystem. While PI currently faces resistance at $0.55, a bullish reversal toward $0.60 could occur with significant announcements.
