Pi Network (PI) experienced a significant price decline today, falling by around 25% to settle near $1.10. This sharp drop followed a strong rally, which saw the token’s price surge to a peak of $1.29, and even hit $1.40 on some exchanges. The sudden crash has raised concerns among investors, especially as the project navigates its volatile phase.
Token Unlocking Pressures Pi’s Price
The timing of Pi Network’s price dip coincides with an 8 million PI token unlock, which added fresh supply to the market. This influx of new tokens is believed to have exerted downward pressure on the price. Even more concerning for investors is the upcoming unlocking event on May 15, when an additional 13 million tokens will be released. These unlockings may continue to weigh on Pi’s price, with some analysts predicting further declines if the market becomes oversupplied.
Massive Trading Activity Sparks Investor Excitement
Before the sharp correction, Pi Network was in the spotlight due to a surge in trading volume. Over the past 24 hours, the token’s trading volume skyrocketed to approximately $1.9 billion, with the price rising more than 100%. This surge was driven largely by large transactions from major holders, including one notable trade involving 90 million PI tokens. The large-scale movements sparked renewed interest from retail traders, further fueling the token’s brief rally.
, Pi Network (PI) experienced a significant surge in trading volume today, reaching approximately $1.9 billion over the past 24 hours. This spike coincided with a sharp price increase, with PI rising over 35% to a peak of $1.29, and even touching $1.4 on some exchanges .
— Mr Spock 𝛑 (@MrSpockApe) May 13, 2025
The… pic.twitter.com/89LotOxKiE
What’s Next for Pi Coin Price?
Despite the recent correction, some traders remain optimistic about Pi Network’s future. Many view the current price fluctuations as part of the token’s price discovery phase, common among new cryptocurrencies. Supporters argue that although setbacks are part of the journey, Pi could bounce back in the near future. However, much depends on the forthcoming update from the Pi Core Team, set for May 14. Without a significant announcement, Pi’s price could face further declines, with some speculating it might dip to as low as $0.80 or even $0.60.
Also Read: Pi Network [PI] Eyes $2 Mark Amid 30% Rally – Will Bullish Sentiment Drive Further Gains?
In conclusion, Pi Network is in a critical phase, with both risks and opportunities on the horizon. Investors will be closely monitoring the upcoming developments to gauge the token’s future trajectory.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
