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Pi Network Faces Price Decline Amid Migration Progress and Market Challenges
Pi Network Faces Price Decline Amid Migration Progress and Market Challenges
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Network's transition to Open Mainnet encounters challenges as its token price drops despite significant migration achievements. More than 75 million Pi tokens, worth over $37 million, have migrated since the Grace Period commenced on July 1. The network's emphasis on KYC compliance and wallet updates coincides with declining market confidence.
The price pressure follows a July token unlock exceeding 200 million PI, increasing supply without deflationary measures. Despite growing user activity, the price remains NEAR historic lows—a paradox underscoring the difficulty of sustaining valuation during critical network upgrades. Technical progress now competes with market forces in shaping Pi Network's future.
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