Pi Network Unleashes 2.8 Million Pi Coins: Impact on Prices Sparks Concern

A significant development in the cryptocurrency world, the Pi Network has released 2.8 million Pi coins into circulation. This move, monitored closely by crypto enthusiasts, is already generating waves as it may trigger selling pressure among traders. Experts predict this influx of Pi coins could lead to a short-term price decline. The impact will be substantial as Pi’s total circulating supply grows rapidly, with over 1.5 billion coins set to unlock within the next year. This figure is expected to directly influence the price movement, especially for newly listed and volatile projects like Pi.