The cryptocurrency market continues to be volatile, with three tokens gaining attention for different reasons. Pi Network is facing challenges, Solana is showing growth, and Unstaked is ramping up its fundraising efforts.
Pi Network Under Pressure from Token Unlock
The Pi Network (PI) is experiencing significant pressure ahead of a major token unlock. After dropping from a monthly high of $1.6692 to $0.7720, Pi has already erased $4.5 billion from its market cap, now sitting at around $5.5 billion. Technical patterns indicate a bearish flag and rising wedge, suggesting further weakness.
Analysts expect 72 million tokens to be unlocked this week, with another 278 million over the next 30 days. This adds over 9.2 million new tokens into circulation daily. Without a clear bullish catalyst, Pi could fall to $0.6585 or even as low as $0.5545.
Solana Maintains Momentum: Record Activity and Wallet Growth
Solana (SOL) is demonstrating strong growth fueled by increasing activity across the network, even as it consolidates below the $200 resistance level. Currently trading around $173.62, SOL has risen 82% from its yearly low, driven by robust user engagement and growing volumes on decentralized exchanges.
In the past week, Solana processed over 462.5 million transactions and reached 34.7 million active wallets. The decentralized exchange volume exceeded $22.7 billion for the week, with monthly totals reaching $97 billion. A golden cross is forming on the chart, and if SOL clears $184.53, there is a likelihood of another attempt at the $200 mark.
Unstaked Surges Past $8.3M Fueled by AI Solutions
Amid pressures on Pi and Solana testing resistance, Unstaked is quietly making waves by raising interest in the project. Currently in stage 17 of its presale, the project has raised over $8.3 million, with $UNSD still priced at just $0.01043. The standout feature of Unstaked is its AI agent system, which automates tasks on social platforms.
Each bot can handle moderation, sentiment analysis, and content scheduling. The Proof of Intelligence protocol rewards users for effective bots that contribute real value to online communities.
The cryptocurrency market continues to evolve, with Pi Network facing liquidity challenges while Solana shows activity, and Unstaked is expanding its capabilities. The successes of Unstaked in raising funds and the potential embedded in its product make it an interesting project to watch.
