{"id":53894,"date":"2025-03-24T06:40:13","date_gmt":"2025-03-24T06:40:13","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=53894"},"modified":"2025-03-24T06:40:13","modified_gmt":"2025-03-24T06:40:13","slug":"why-is-pi-tokens-price-down-today-as-market-rebounds","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=53894","title":{"rendered":"Why Is PI Token\u2019s Price Down Today as Market Rebounds?"},"content":{"rendered":"<p><strong>TL;DR<\/strong><\/p>\n<p>The entire cryptocurrency market started to rally on Sunday and has posted impressive gains over the past 24 hours.<br \/>\nHowever, there are a few exceptions, and Pi Network\u2019s native token is among them, with another 6% slide.<\/p>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/03\/PI_CB.jpg\"><\/a><\/p>\n<p>Bitcoin leads the pack in terms of daily gains as its price jumped to $87,000 for the first time since Thursday morning when it was rejected at $87,500 and pushed south by several grand.<\/p>\n<p>Numerous altcoins have outperformed, charting notable gains. Avalanche is the top gainer from the larger caps, having surged by 11% to over $21. LINK, SOL, HBAR, and SUI follow suit.<\/p>\n<p>In contrast, TRX and PI are deep in the red, with losses of 4.5% and 6%, respectively. The situation for Pi Network\u2019s token is quite painful, as it has lost over 30% of its value in the past week and almost 70% since its all-time high marked on February 26.<\/p>\n<p><span>Today\u2019s price slide comes despite a recently\u00a0<a href=\"https:\/\/cryptopotato.com\/pi-token-is-tanking-but-can-this-new-pi-network-partnership-turn-things-around\/\" target=\"_blank\" rel=\"noopener\">announced<\/a> partnership that could enhance the protocol\u2019s transparency and\u00a0<a href=\"https:\/\/cryptopotato.com\/is-pi-networks-pi-token-about-to-explode-2-key-signs-point-to-a-trend-reversal\/\" target=\"_blank\" rel=\"noopener\">these two signs<\/a> that suggest a trend reversal.<\/span><\/p>\n<p>However, Pi News, the official X media of Pi Network, noted something rather worrying. Its latest post from Sunday indicated that the number of PI tokens deposited to centralized exchanges had reached a record peak of 330 million coins.<\/p>\n<p>Such large numbers of tokens going into trading platforms typically signal a bearish short-term future for the underlying asset, as they increase the immediate selling pressure.<\/p>\n<p>Nevertheless, the team remains optimistic, saying, \u201cPerhaps by participating in the construction of the Pi ecosystem, the price of PI will reach a new high.\u201d<\/p>\n<p>330M of <a href=\"https:\/\/twitter.com\/search?q=%24PI&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$PI<\/a> deposited in CEX has reached a record high.<\/p>\n<p>Currently, the <a href=\"https:\/\/twitter.com\/search?q=%24PI&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$PI<\/a> price remains in the $1 range.<\/p>\n<p>Perhaps by participating in the construction of the Pi ecosystem, the price of Pi will reach a new high.<a href=\"https:\/\/twitter.com\/hashtag\/PiNetwork?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#PiNetwork<\/a> <a href=\"https:\/\/t.co\/XfrTFatGRz\" target=\"_blank\" rel=\"noopener\">pic.twitter.com\/XfrTFatGRz<\/a><\/p>\n<p>\u2014 Pi News (@PiNewsMedia) <a href=\"https:\/\/twitter.com\/PiNewsMedia\/status\/1903787003680079898?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">March 23, 2025<\/a><\/p>\n\n<p>The post <a href=\"https:\/\/cryptopotato.com\/why-is-pi-tokens-price-down-today-as-market-rebounds\/\">Why Is PI Token\u2019s Price Down Today as Market Rebounds?<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\">CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>TL;DR The entire cryptocurrency market started to rally on Sunday and has posted impressive gains over the past 24 hours. However, there are a few exceptions, and Pi Network\u2019s native token is among them, with another 6% slide. Bitcoin leads the pack in terms of daily gains as its price jumped to $87,000 for the [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":53895,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-53894","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/53894"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=53894"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/53894\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/53895"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=53894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=53894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=53894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}