Pi Network Price Recovers Slightly from Record Low

Pi Network trades near record lows as traders brace for a major token unlock, underscoring persistent selling pressure in the market.

PI

Summary

Pi Coin (PI) continued its downward trend this week, trading at $0.1450 on Sunday, close to its lowest level on record amid expectations of a significant token unlock. This decline reflects sustained market weakness and heightened anticipation of increased supply pressure.

Terms & Concepts
  • Pi Network: A digital currency project focused on mobile-friendly mining and community-based blockchain development.
  • Token unlock: A scheduled release of previously restricted or locked tokens into the circulating supply, which can affect market prices due to increased availability.