Pi Coin Price Plunges Amidst Concerns of Uncontrolled Supply

Pi Network’s native cryptocurrency, Pi coin, is facing a significant price drop, raising concerns about the potential for further decline. Recent data shows a drop of approximately 20%, trading around $0.60 at press time. Experts suggest a potential plunge of 35% to 50% from current levels. The primary driver of this bearish trend is uncontrolled coin supply release, with over 100 million Pi coins set to be unlocked in April alone, potentially exceeding 1.5 billion by year-end. If demand doesn’t keep pace with such a surge, prices may plunge as low as $0.30.