Pi’s Price Plunge: A Comedy of Errors?

by

Pi Network’s Woes: A Molière-esque Tragedy!🎭

Hark! With a daily deluge of some 6.8 million coins unleashed upon the world, soothsayers (or, as they call themselves, “analysts”🤔) do lament that this ceaseless torrent doth press hard upon the market, like a lovesick fool upon a fair maiden!

A River of Riches, a Desert of Demand! 🏜️

Quoth Dr. Altcoin, a crypto market analyst of great renown (or at least, some renown), that these newly freed Pi tokens, like pigeons to a park, flock straight to the centralized exchanges, swelling the liquid supply for all who wish to sell. In but a few days, the exchange coffers have grown heavy with Pi, from 354 million to a staggering 368 million! The total circulating supply, like a rogue balloon, hath now swollen to 6.88 billion coins! 🎈

This glut, this excess, hath drowned the market’s poor demand, leading to price declines and rallies that doth fail faster than a soufflé in a storm!

“The market, alas, is simply overwhelmed by sellers, like a stagecoach beset by bandits!” cries Dr. Altcoin. “Until this unlock pressure doth ease, Pi shall find upward momentum as easily as a cat finding water!” 😾

A Glimmer of Hope, or Just Fool’s Gold? ✨

The swelling tide of circulating supply hath already begun to drag Pi’s price down, like a lead weight on a drowning man! Analysts (those cheerful prophets of doom!) eye $0.30 or lower as a possible near-term resting place. 📉

Yet, fear not! For there may be a glimmer of hope at the journey’s end. Dr. Altcoin doth foresee that by late August in the year of our Lord 2025, the daily unlocking rate shall slow, perhaps providing the sweet relief needed for the market to steady itself and begin a slow climb.🐢

“If the unlock rate doth drop and buyers return with coin in hand, Pi could begin to build a foundation for long-term growth,” he doth add. But beware, dear reader, for even the wisest of men can be wrong! 😉

Image 1
Image 2

Read More

2025-04-19 12:04