{"id":78303,"date":"2025-07-04T13:08:54","date_gmt":"2025-07-04T13:08:54","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=78303"},"modified":"2025-07-04T13:08:54","modified_gmt":"2025-07-04T13:08:54","slug":"6000000-pi-is-the-pi-network-price-on-the-verge-of-further-collapse","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=78303","title":{"rendered":"6,000,000 PI: Is the Pi Network Price on the Verge of Further Collapse?"},"content":{"rendered":"

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

PI remains in decline, with growing concerns that the price drop could deepen as exchange balances swell by millions of coins.<\/p>\n

Massive token unlocks are adding to the pressure, with 18.2 million PI scheduled for release today.<\/p>\n

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

Another Crash Incoming?<\/h2>\n

The cryptocurrency market experienced a solid resurgence over the last seven days, with some leading digital assets charting double-digit gains. However, this wasn\u2019t the case for Pi Network (PI), whose price continued its negative trend.<\/span><\/p>\n

As of this writing, it trades at <\/span>roughly<\/span> $0.48, representing a 13% decline on a weekly <\/span>scale<\/span> and a 26% <\/span>plunge<\/span> over the past month.<\/span><\/p>\n

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

And while the PI holders and proponents expect to see the end of the downturn, some <\/span>important<\/span> indicators suggest that the crash might intensify even further <\/span>in the near future<\/span>. <\/span><\/p>\n

For instance, the number of tokens stored on centralized exchanges has <\/span>surged<\/span><\/a> by over six million in the last 24 hours. Currently, more than 366 million PI are held on such platforms, a value with an approximate USD equivalent of $177 million.<\/span><\/p>\n

The increased supply on exchanges doesn\u2019t guarantee that investors are preparing for a massive sell-off. Nonetheless, the development can be viewed as bearish since it increases the immediate selling pressure.\u00a0<\/span><\/p>\n

Not the Only Factor to Watch<\/span><\/h2>\n

The upcoming <\/span>token unlocks<\/span><\/a> also spell bad news for the bulls. The record 18.2 million PI <\/span>are scheduled<\/span> for release today, which will give people the opportunity to offload their long-awaited coins. The unlocks will remain high until mid-July, following which the temp <\/span>is expected<\/span> to cool off.\u00a0<\/span><\/p>\n

It is worth noting that the release of PI tokens accelerated last month, triggering renewed selling pressure. The price of the asset <\/span>nosedived<\/span><\/a> to just under $0.40 on June 13. The collapse coincided with the geopolitical tension caused by the military conflict between Iran and Israel, which had a significant impact on the entire cryptocurrency market. One X user who often gives his two cents on PI said at the time:<\/span><\/p>\n

Is $PI<\/a> powered by Iranian nuclear facilities?
\nIt dipped from 0.62 to 0.4 in one minute.
\nBut it is already recovering.
\nBullish for $PI<\/a>. #PiNetwork<\/a> pic.twitter.com\/yigrikD6Ij<\/a><\/p>\n

\u2014 MOON JEFF (@CRYPTOAD00) June 13, 2025<\/a><\/p>\n\n

The post 6,000,000 PI: Is the Pi Network Price on the Verge of Further Collapse?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR PI remains in decline, with growing concerns that the price drop could deepen as exchange balances swell by millions of coins. Massive token unlocks are adding to the pressure, with 18.2 million PI scheduled for release today. Another Crash Incoming? The cryptocurrency market experienced a solid resurgence over the last seven days, with some […]<\/p>\n","protected":false},"author":0,"featured_media":78304,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-78303","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\/78303"}],"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=78303"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/78303\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/78304"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=78303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=78303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=78303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}