Pi Coin Under Heavy Selling Pressure as Unlocking Schedules Loom

Pi Coin is facing significant market pressure as it grapples with a dramatic price decline. After hitting $3 earlier this year, the coin’s value has plummeted to around $0.69 in recent weeks, representing a 75% drop over the past month. This steep fall is attributed to several factors, including high-volume coin unlocks, increased market competition, and waning technical indicators that have eroded investor confidence. While reaching $1 once seemed achievable, current challenges suggest a more realistic goal may be maintaining stability at around this level.