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Pi Coin Struggles as Trading Volume Plummets Below $100M Post-Pi Day
Pi Coin Struggles as Trading Volume Plummets Below $100M Post-Pi Day
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Coin's market activity has sharply declined following its annual 'Pi Day' event, with daily trading volume collapsing to $46 million. The sustained drop suggests waning investor interest, reinforcing bearish sentiment around the project.
Token unlocks remain a critical concern, with 14.6 million Pi scheduled for release on July 10. While the unlock rate gradually decreases through August, near-term selling pressure could drive prices toward all-time lows of $0.40.
The project's controversial zero-reward staking program—an unprecedented model in crypto—has further dampened enthusiasm. Market structure appears fragile, with PI breaking key support at $0.475 on the 4-hour chart.
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