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Pi Network Under Siege: Token Unlocks and Rising Exchange Reserves Fuel Bearish Sentiment
Pi Network Under Siege: Token Unlocks and Rising Exchange Reserves Fuel Bearish Sentiment
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Network (PI) continues to underperform despite the broader cryptocurrency market's recovery, with prices plunging 13% this week and 26% over the past month to $0.48. Bearish pressures mount as exchange reserves spike by six million PI in 24 hours—totaling 366 million tokens ($177M)—while today’s 18.2M PI token unlock threatens further supply dilution.
Investors are closely monitoring whether Pi Network can absorb this dual pressure of exchange inflows and inflationary unlocks. The network’s ability to stabilize these headwinds will dictate its short-term price trajectory.
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