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Pi Network Faces Critical Test as 162M Token Unlock Threatens New Price Low in August
Pi Network Faces Critical Test as 162M Token Unlock Threatens New Price Low in August
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Coin, once a promising contender in the crypto space, has faced a brutal 80% price collapse since February—plummeting from $2.10 to $0.40. August threatens further pain: 162.8 million new tokens, worth $66 million, will flood the market, expanding circulating supply by 2.10%.
Market dynamics skew bearish. The unlock coincides with tepid demand, creating a supply glut that could trigger panic selling. Technical projections suggest a 9% drop to $0.367, potentially cementing a new all-time low.
While the token unlock schedule indicates relief in later months, August remains a critical stress test for Pi Network's fragile liquidity. Investors brace for volatility as the market digests this inflationary pressure.
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