Pi Network (PI) Plummeted to a New All-Time Low: Is The Worst Yet to Come?

TL;DR PI is down nearly 90% from its ATH witnessed in February, with some analysts foreseeing more downside if the current support ￰0￱ 170 million PI tokens are set to unlock in the next 30 days, while exchange balances already exceed 416 million coins, raising fears of further sell pressure from holders eager to cash ￰1￱ Record Low The native cryptocurrency of Pi Network has experienced a significant decline over the past several months, and the latest correction in the crypto market has only made things ￰2￱ a few hours ago, its price plunged to $0.33, which was the lowest point since the asset began trading. Moreover, its market capitalization tumbled to approximately $2.6 billion; thus, PI is no longer among the 50 largest ￰3￱ Price,), while Ethereum (ETH) comes in second with less than $550 ￰4￱ Bearish Factors The upcoming unlocks of PI (which slowed down at one point in August) are once again expected to pick ￰5￱ the next 30 days, almost 170 million tokens are scheduled for release, with September 2 being the record day, when 13.7 million coins will be freed ￰6￱ Token Unlocks,) Plummeted to a New All-Time Low: Is The Worst Yet to Come?

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