{"id":59389,"date":"2025-04-15T11:48:19","date_gmt":"2025-04-15T11:48:19","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=59389"},"modified":"2025-04-15T11:48:19","modified_gmt":"2025-04-15T11:48:19","slug":"pi-network-pi-plunges-12-in-just-1-hour-whats-going-on","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=59389","title":{"rendered":"Pi Network (PI) Plunges 12% in Just 1 Hour \u2013 What\u2019s Going On?"},"content":{"rendered":"

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

PI dropped by double digits in an hour as major token unlocks began.<\/span>
\nDespite the dip, some analysts remain optimistic, with one X user predicting a potential surge to $5.<\/p>\n

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

The native token of Pi Network witnessed<\/a> a substantial resurgence towards the end of last week, with its price rising to $0.77. This<\/span> represented a whopping 92% increase compared to the all-time low of $0.40 observed at the beginning of April.\u00a0<\/span><\/p>\n

PI started the new business week on the right foot, hovering close to $0.75. Just over an hour ago, though, the bears stepped in again, and the price collapsed by nearly 12% to as low as $0.63. <\/span>In the <\/span>next<\/span> minutes,<\/span> there was a slight rebound, and currently, PI trades at around $0.67.<\/span>
\n<\/span><\/p>\n

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

The exact reason behind the sudden nosedive remains unclear. However, it coincides with the major token release that started today (April 15), when 6.8 million PI will be freed up.<\/span><\/p>\n

As <\/span>CryptoPotato<\/span><\/em> previously <\/span>warned<\/span><\/a>, the unlocks will speed up<\/span>\u00a0in the next few weeks. April 18 <\/span>is expected<\/span> to be the record day, with almost 10 million tokens <\/span>scheduled<\/span><\/a> for release.\u00a0<\/span><\/p>\n

Such events generally trigger increased selling pressure, <\/span>giving investors the chance<\/span> to offload coins they\u2019ve waited for a long time. While not all may cash out, the risk of a wave of exits remains.<\/span><\/p>\n

Despite the price retreat in the past hour, some industry participants remain bullish. The X user MOON JEFF, who frequently touches upon PI\u2019s performance, <\/span>noted<\/span><\/a> the start of the big unlocks but assumed that skyrocketing to an all-time high of $5 is still possible. \u201cDon\u2019t sell cheap,\u201d they advised.\u00a0<\/span><\/p>\n

The post Pi Network (PI) Plunges 12% in Just 1 Hour \u2013 What\u2019s Going On?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR PI dropped by double digits in an hour as major token unlocks began. Despite the dip, some analysts remain optimistic, with one X user predicting a potential surge to $5. The native token of Pi Network witnessed a substantial resurgence towards the end of last week, with its price rising to $0.77. This represented […]<\/p>\n","protected":false},"author":0,"featured_media":59390,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-59389","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\/59389"}],"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=59389"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/59389\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/59390"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=59389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=59389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=59389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}