Pi Coin Plummets: Price Concerns Rise as Mass Token Unlock Looms

Pi Coin’s price has experienced a dramatic decline, losing over 70% of its value since hitting an all-time high last month. This downward trend is fueled by several factors, including the upcoming unlocking of approximately 105 million PI tokens, slated to be released in the next month. The potential impact on the price becomes significant as investors anticipate a spike in supply and uncertainty regarding market stability.