TL;DR
- PI took a nosedive, dropping 12% in an hour. 🚨
- Some optimists still dream of $5. 🌙
The native token of Pi Network, that enigmatic digital darling, experienced a rollercoaster of emotions last week. It soared to $0.77, a staggering 92% leap from its April low of $0.40. But just as it seemed the party was just getting started, the bears crashed in, and the price plummeted to $0.63. A slight rebound followed, and now PI is trading at around $0.67. 🎢
The cause of this sudden plunge? A mystery, as always. But it coincides with the start of a major token release today, April 15, when 6.8 million PI will be unleashed into the wild. And brace yourselves, because April 18 is set to be the record day, with nearly 10 million tokens scheduled for release. 🚀
Such events typically lead to a surge in selling pressure, as investors finally get the chance to offload their long-held coins. While not everyone may cash out, the risk of a mass exodus looms large. 🏃♂️💨
Despite the recent dip, some industry insiders remain hopeful. MOON JEFF, a frequent commentator on PI’s performance, noted the start of the big unlocks but still believes a surge to $5 is possible. “Don’t sell cheap,” they advised. 🌕
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2025-04-15 14:55