Pi Network’s $19M Liquidity Injection Fails to Ignite Sustained Rally
Pi Network's recent $19 million liquidity boost through partnerships with Banxa and Onramper has failed to sustain price momentum. Despite initial gains from $0.49 to $0.64 following the Pi2Day announcement and AI integration, the token has since retreated 2% to $0.53 as market skepticism overshadows speculative enthusiasm.
Broader crypto market volatility and unanswered questions about Pi's AI utility have dampened investor sentiment. While Banxa's infrastructure now enables fiat conversions for Pi in 100+ countries, transactional ease hasn't translated into bullish momentum. Traders await clearer evidence of network utility beyond speculation.