Pi Network Hits Near Rock Bottom as Supply Pressure Builds – Investors Concerned
The value of Pi Network (PI) is nearing its all-time lows, trading at just 0.6722, close to the recorded low of 0.6152 from February. The slip comes at a time when over 126.6 million PI tokens are set to unlock this month, which amounts to nearly 1.87% of the current circulating supply. This heightened supply could lead to further downward pressure on the token’s price. Investors should take note of these developments and consider their positions carefully as the market prepares for changes associated with the increased availability of coins.