PI Token Slides Below $0.50 as Unlock Event Looms
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Network's native token continues its downward trend, dropping 3% to trade under $0.50 as bearish sentiment prevails. The decline comes ahead of significant token unlocks that could increase market supply.
The largest unlock event this month—scheduled for July 4—will release 19.2 million Pi tokens. Historically, such events have often triggered sell-offs as new tokens become available.
Despite Pi2Day announcements, including an AI-powered no-code app development studio and ecosystem staking features, the network failed to reverse its negative momentum. These technical developments lacked sufficient impact to shift market sentiment.
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