Pi Coin Price Prediction: Huge Token Dump Just Weeks Away – Will PI Collapse Under Pressure?
Over 150 million PI tokens are set to be unlocked next month, potentially adding significant downward pressure on the price just as Pi Coin nears its all-time low.
Data from PiScan supports a bearish Pi Coin price prediction, as the sudden surge in circulating supply could weigh heavily on market sentiment in the short term.
This figure accounts for nearly 2% of Pi Coin’s supply of 7.95 billion at the time of writing and also exceeds the monthly average by 5 times.
Pi’s performance this year has been quite disappointing as year-to-date (YTD) losses currently sit at 79.25%
None of the 40th cryptocurrencies that outrank Pi in terms of market cap have booked such big losses during this period, which emphasizes how strong the selling pressure has been and how skeptical the market is about the project’s prospects and future.
Pi has...