Pi Coin Finds Temporary Relief After Hitting Record Low, but Risks Remain
Pi Coin briefly recovered after hitting a record low of $0.150, supported by reduced exchange reserves but threatened by low volume and upcoming token unlocks.Summary
Pi Coin (PI) experienced a modest recovery after hitting a record low of $0.150, a decline triggered by broad market volatility following President Donald Trump's announcement of new tariffs on EU countries. Despite the drop, the price action showed buying interest absorbing the sell-off, which aligns with a decrease in centralized exchange reserves, suggesting reduced immediate selling pressure.
However, the outlook remains fragile due to severely diminished trading volume, which has fallen below $100 million weekly, indicating low investor participation. Furthermore, the Pi Network is scheduled to unlock over 140 million tokens in the next 30 days, which could introduce significant supply-side selling pressure if demand does not increase proportionally. One user suggested that a Binance listing is the only factor that could truly boost PI's price.
(Source：BeInCrypto)