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Pi Network at Crossroads: 160M Token Unlock Threatens Recovery Amid 86% Price Crash
Pi Network at Crossroads: 160M Token Unlock Threatens Recovery Amid 86% Price Crash
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Network's cryptocurrency has plummeted 86% from its all-time high, now hovering near its record low of $0.3983. The project faces a crucial test in August with 160 million tokens (worth $67 million) scheduled for release—a supply shock that typically pressures prices downward, though technical indicators hint at possible recovery.
Despite launching staking features and the Pi AI Studio development platform, the network continues to struggle. With an additional 1.27 billion tokens set to unlock over the next 12 months, Pi Network must prove substantial utility to absorb the incoming supply. Market observers are closely monitoring whether recent infrastructure upgrades can generate sustainable demand to counter the impending token flood.
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