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PI Token Faces 14% Drop Amid Market Volatility and Network Issues
PI Token Faces 14% Drop Amid Market Volatility and Network Issues
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Network's native token PI dropped 14% within 24 hours, reducing its market capitalization to $2.72 billion despite increased trading activity. The decline reflects growing concerns as transaction failures reached 58% of daily operations, coinciding with broader crypto market instability triggered by new U.S. tariff measures.
Network analytics show 88,300 failed transactions out of 200,000 attempts, with overall activity declining since July. The sell-off accelerated as 5 million Pi tokens were released into circulation, with an additional 159 million expected within 30 days—representing 2.1% of the total supply.
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