Pi Coin Price Struggles Amidst Supply Surge and Uncertain Future

Pi Coin is currently experiencing a period of price weakness as the cryptocurrency market grapples with a surge in unlocked coins. The Pi Network’s mainnet asset, Pi coin, has fallen sharply from its February peak of $3 to hover around $0.69, marking a 75% monthly decline. This decline is attributed to factors such as declining technical indicators, increased investor uncertainty, and the recent release of substantial amounts of Pi coins into the market.