Pi Network native token is undergoing a turbulent phase. Currently trading at $0.4710, the coin has recorded a 2.7% drop overnight and a 14.7% decline in the past 7 days.
Its market cap stands at $3.59 billion, with a 24-hour trading volume of $82.73 million, up 2.87%, suggesting heightened market activity amid sell-offs.
The sharp price correction is largely attributed to recent token unlock events, with 270 million Pi tokens released, causing a supply shock.
The correlation between Pi Coin and Bitcoin dropped sharply to 0.07, revealing a worrying disconnection during the market’s bullish phase.
Additionally, over 6 million Pi worth $2.8 million was moved to exchanges within 24 hours, increasing sell-side risk. Both RSI and MACD indicators suggest bearish momentum may persist in the short term.
Pi Foundation outflow outpaces investors’ interest
PiScan data shows a sharp net outflow of 2.15 million PI tokens from the OKX exchange in the last 24 hours. The OKX net outflow outpaces the net inflows from all other exchanges, resulting in a total net outflow from Centralized Exchanges (CEX) of 36,580 PI tokens.
Pi Network social dominance is on an uphill
The social dominance score measures the frequency of mentions of an asset in social conversations. Santiment’s data shows Pi Network’s social dominance at 0.39% so far this Friday, up from 0.18% on Monday. Amid the increasing social chatter this week, the total weighted sentiment at -0.327 reflects a bearish tilt.
FAQs
Why is Pi price falling right now?
Due to a large token unlock and $2.8 million in tokens moved to exchanges, sparking heavy sell pressure.
Is the Pi Network still growing?
Yes, mining activity increased by 0.93%, reflecting ongoing user engagement and network expansion.
Can Pi hit $1 in 2025?
It’s possible, but only if major adoption, Open Mainnet launch, or strong utility drivers shift momentum bullish.
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