The Pi Network token, which has been in severe decline for the past few months, showed an unexpected surge over the weekend, but prices began to drop again at the start of the new week.
Analysis of Recent Price Drop for Pi
The price of the Pi Network token, which reached nearly $0.75 on April 5th, has fallen again to around $0.53, showing a 14% decline in 24 hours. The market capitalization of the cryptocurrency has slipped below $4 billion.
Reasons Behind Current Market Situation
The main reason for the recent drop is the overall collapse in the digital asset market observed in recent hours. Tensions in the financial and crypto markets were heightened following the escalation of the global trade war. US President Donald Trump announced new tariffs affecting most countries.
Future of the Token and Expectations
A significant number of Pi tokens are set to unlock this month—over 121 million. Currently, around 6.8 billion tokens are in circulation, with 75% remaining locked. The influence on price is also tied to the absence of trading on major exchanges such as Binance and Coinbase.
Given the upcoming unlock of tokens and current market instability, the future of the Pi Network token remains uncertain. Investors are preparing for potential changes in the market situation.
