Pi Network Maintains Price Stability at $0.49 as Core Team Controls 90% of Circulating Supply

Pi Network's price has stabilized above $0.40 following a significant drop from its all-time high of $2.79 earlier this year. Currently trading around $0.49, market analysts attribute this stability to the Core Team's tight control over token supply.

With approximately 90% of Pi's circulating supply held in custody by the CORE Team, they can effectively regulate market liquidity through controlled token releases. While this centralized approach has faced criticism, it has successfully prevented excessive sell pressure in the market.

A fall below the $0.40 support level could threaten Pi's position among the top 30 cryptocurrencies by market capitalization, potentially eroding investor confidence. The Core Team's supply management strategy appears strategically designed to maintain stability during the network's ongoing development phase.