Pi Coin Price Plummets: Token Unlock & Domain Expiry Spark Concerns

The Pi Network is facing renewed scrutiny as a major token unlock event in June threatens to significantly impact the price of Pi Coin. While the project has experienced both hype and controversy since its launch, the upcoming unlocking could trigger further declines in value. 264 million tokens are scheduled to be released, which experts believe will fuel more selling pressure as supply increases. This is compounded by a shrinking trading volume and a recent price drop from over $1.50 to just $0.75. The .pi domain is also set to expire on June 28th, adding another layer of uncertainty for investors.