2025-05-30 15:07:30

Pi Network (PI) is down 15% for the week and is currently trading near $0.6894, with analysts warning of a possible price decline. Despite its brief rally in early May, the coin has plummeted more than 75% since almost reaching $3 in February. With more upcoming tokens and over 600 million tokens unlocked, PI is now facing additional selling pressure. While Pi Network recently set up a $100 million venture capital fund to help with e-commerce, fintech, gaming, and artificial intelligence, technical indicators show that the cryptocurrency is still in a downtrend.

PI-0.7%

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GateUser-33562277

· 2025-05-30 15:12

Just go for it💪

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MirrorMystery

· 2025-05-30 15:08

In 2019, Pi Network (PI) started as a mobile-only Crypto Assets project. By browsing the Pi network, users can mine Pi directly on their phones without draining battery power. The network operates on its own Blockchain using the Stellar Consensus Protocol (SCP), facilitating energy efficiency and Decentralization control. With over 70 million users as part of the network, Pi Network aims to create a practical peer-to-peer ecosystem. Recent reports have also highlighted the upcoming Token unlock, which may bring further dumping pressure. Despite the Fluctuation, Pi continues to attract developers' interest in building real use cases.

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