{"id":62555,"date":"2025-04-28T14:12:05","date_gmt":"2025-04-28T14:12:05","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=62555"},"modified":"2025-04-28T14:12:05","modified_gmt":"2025-04-28T14:12:05","slug":"pi-network-pi-misses-the-rally-is-further-trouble-brewing","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=62555","title":{"rendered":"Pi Network (PI) Misses the Rally: Is Further Trouble Brewing?"},"content":{"rendered":"

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

Pi Network (PI) fell by 3% in the past seven days, potentially weighed down by massive token unlocks and a lack of fresh support from major exchanges.<\/span>
\nSome analysts predict a potential rebound, while others have warned that dealing with the asset could lead to painful losses.\u00a0<\/span><\/p>\n

<\/a><\/span><\/h2>\n

Missing the Green Wave<\/h2>\n

The cryptocurrency market has been on an evident uptrend in the past week. Bitcoin (BTC) is up almost 10% for the period, currently trading at around $95,000, whereas Ethereum (ETH) saw its valuation rise by 11.5%.<\/span><\/p>\n

Very few of the top 50 digital assets remain in the red on a seven-day scale, and unfortunately for the Pi Network community, their favorite token is one of those. As of this writing, PI is worth roughly $0.61, which is a 3% weekly decline. What\u2019s more, the current level represents an 18% drop for the last two weeks.\u00a0<\/span><\/p>\n

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

It is worth mentioning that the asset started <\/span>retracing<\/span><\/a> in mid-April, right after the major release of almost 7 million tokens. The unlocks remained in the millions in the following weeks and are expected to speed up even further in the upcoming days.\u00a0<\/span><\/p>\n

Data <\/span>shows<\/span><\/a> that over 230 million PI will <\/span>be freed up<\/span> in the next month, with April 30 being the record day when 11.3 million tokens will be released.\u00a0<\/span><\/p>\n

Events like these typically lead to higher selling activity, as investors finally get the opportunity to sell coins they\u2019ve been waiting for <\/span>a long time<\/span>.<\/span> Although some holders may stay put, the danger of a mass exit still looms.<\/span><\/p>\n

Another factor that may have negatively impacted PI\u2019s price is the lack of new support from leading crypto exchanges. Well-known names that have already embraced the asset include Gate.io, OKX, Bitget, and others.<\/span><\/p>\n

However, Binance and Coinbase remain uninvolved. The former <\/span>issued<\/span><\/a> a community vote in February to determine whether its users want to see PI available on the platform. While more than 85% clicked the \u201cyes\u201d option, there hasn\u2019t been a follow-up announcement.<\/span><\/p>\n

Price Predictions<\/span><\/h2>\n

Despite the retreat registered in the past weeks, certain X users <\/span>continue to<\/span> make optimistic predictions. MOON JEFF, who often touches upon the matter, recently <\/span>forecasted<\/span><\/a> that PI could rise to $1.\u00a0<\/span><\/p>\n

Interestingly, at the beginning of the month, he <\/span>labeled<\/span><\/a> Pi Network \u201ca slow rug,\u201d suggesting that the token\u2019s potential ascent to $1 is \u201cjust a dream.\u201d\u00a0<\/span><\/p>\n

Kuzo also shared their thoughts, <\/span>claiming<\/span><\/a> PI \u201cdoesn\u2019t look good\u201d based on investigations conducted over the past month.<\/span><\/p>\n

\u201cPeople will lose millions or even billions of dollars. It\u2019s worse than you could\u2019ve imagined. <\/span>If you\u2019re still holding, think twice. I\u2019ll drop my investigation soon<\/span>, make<\/span> sure you\u2019re following,\u201d they added.<\/span><\/p>\n

The post Pi Network (PI) Misses the Rally: Is Further Trouble Brewing?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Pi Network (PI) fell by 3% in the past seven days, potentially weighed down by massive token unlocks and a lack of fresh support from major exchanges. Some analysts predict a potential rebound, while others have warned that dealing with the asset could lead to painful losses.\u00a0 Missing the Green Wave The cryptocurrency market […]<\/p>\n","protected":false},"author":0,"featured_media":62556,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-62555","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\/62555"}],"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=62555"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/62555\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/62556"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=62555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=62555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=62555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}