Pi Coin has experienced a dramatic decline in value, shedding around 70% from its peak price.
After hitting an all-time high of $2.98 last month, the token is now trading at approximately $0.80, signaling a significant shift in investor sentiment.
Over the past month, Pi Coin’s price has plummeted, and its market capitalization has also taken a hit, now standing at about $5.48 billion, marking a notable drop from its previous ranking among the top 15 cryptocurrencies.
Compounding the negative outlook, a large volume of Pi tokens—105 million, valued at around $85 million—will be unlocked in the coming month. This could put even more downward pressure on the price as the market absorbs the additional supply.
The biggest unlock event is set for April 3, when 6.8 million tokens will be released in a single day, amplifying concerns about the token’s future price stability.
Additionally, Pi Network is continuing its mainnet migration, shifting from phone number-based authentication to an email-based Know Your Customer (KYC) verification process. While this transition is part of the network’s ongoing development, it has done little to alleviate concerns among investors.
With the upcoming unlocks and the recent market downturn, many are questioning the future of Pi Coin, leaving its community uncertain about the token’s long-term prospects.
A fresh wave of speculation has hit the crypto market following a hefty stablecoin issuance by Tether, which quietly minted $1 billion worth of USDT on the Tron network earlier today.
Binance is adding more firepower to its Spot trading platform, announcing fresh USDC trading pairs and expanded support for auto-trading features set to go live on April 22.
The XRP network is flashing early warning signs, with a steep drop in newly created wallet addresses raising concerns about fading interest.
Solana kicked off 2025 with an impressive revenue milestone, pulling in $369.5 million in just the first quarter—half of what it earned over the entire previous year.