{"id":57274,"date":"2025-04-07T08:18:46","date_gmt":"2025-04-07T08:18:46","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=57274"},"modified":"2025-04-07T08:18:46","modified_gmt":"2025-04-07T08:18:46","slug":"why-is-the-pi-network-price-down-today","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=57274","title":{"rendered":"Why is the Pi Network Price Down Today?"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

PI dropped below $0.55 as market tensions and global trade wars escalate.
\nWith millions of tokens set to unlock this month and no major exchange listings, the price might continue its downtrend in the near future.<\/p>\n

<\/a><\/span><\/p>\n

Pi Network\u2019s native token, which has been in severe decline in the past few months, saw an evident resurgence over the weekend. As CryptoPotato<\/span><\/em> reported<\/span><\/a>, its price pumped by double digits and hit almost $0.75 on April 5.<\/span><\/p>\n

However, the bears stepped in again with the start of the new business week, erasing much of the gains. Currently, PI trades at around $0.53 (per CoinGecko\u2019s data), representing a 14% decline on a 24-hour scale. Its market capitalization slipped below $4 billion, pushing the asset away from the top 30 <\/span>club<\/span>.<\/span><\/p>\n

<\/a>PI Price, Source: CoinGecko<\/p>\n

The most likely explanation behind the latest plunge is the overall collapse of the digital asset sector witnessed<\/a> in the past several hours. The financial and crypto markets are under <\/span>serious<\/span> tension following the escalation of the global trade war. <\/span><\/p>\n

Recall that US President Trump recently <\/span>announced<\/span><\/a> a new wave of tariffs on virtually all countries, while some of the affected nations have either slammed reciprocal tariffs, plan to do so, or push for negotiations.\u00a0<\/span><\/p>\n

Meanwhile, <\/span>a substantial number of<\/span> PI tokens are scheduled for release this month. Last week, Watch<\/span>.Guru<\/span>\u00a0<\/span>revealed<\/span><\/a> that\u00a0<\/span>more than 121 million PI tokens will be unlocked<\/span> before the end of April.\u00a0<\/span><\/p>\n

The circulating supply currently stands at around 6.8 billion coins, which constitutes locked mining rewards and unlocked mining rewards. The latest data\u00a0<\/span>shows<\/span><\/a> that 75% of the tokens remain locked, leaving questions about what might happen to the price once this amount frees up.<\/span><\/p>\n

Last <\/span>but not least<\/span>, leading exchanges like Binance and Coinbase remain uninvolved with Pi Network\u2019s cryptocurrency despite the speculation that they<\/span> might allow<\/span><\/a> trading services with it.<\/span><\/p>\n

Support from these behemoths will increase PI\u2019s liquidity and accessibility and potentially fuel a price rally.<\/span><\/p>\n

The post Why is the Pi Network Price Down Today?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR PI dropped below $0.55 as market tensions and global trade wars escalate. With millions of tokens set to unlock this month and no major exchange listings, the price might continue its downtrend in the near future. Pi Network\u2019s native token, which has been in severe decline in the past few months, saw an evident […]<\/p>\n","protected":false},"author":0,"featured_media":57275,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-57274","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\/57274"}],"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=57274"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/57274\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/57275"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}