Pi Network Plummets 25%, Binance Listing Rumors Fuel Concerns

The Pi Network (PI) token experienced a significant price decline today, falling roughly 25% to trade around $1.10. This steep drop followed a recent rally that saw the token surge to its peak of $1.40, fueled by strong trading activity and substantial transactions from prominent holders. However, an anticipated 8 million PI token unlock coincided with this price plunge, potentially adding to market pressure. The coming days may see further volatility as another 13 million tokens are set to be unlocked on May 15th, raising concerns about continued price drops.