Pi Network has experienced a dramatic price drop, falling over 35% in minutes, leading to concerns about the project’s future. While broader crypto market volatility due to geopolitical tensions between Israel and Iran is responsible for wider downturns, Pi’s plunge stands out as it reached a level unseen since early April. The asset briefly dipped below $0.4 before regaining ground to around $0.56, still showing a 13% drop on the day. This crash follows recent announcements from the Pi Network Core Team that hinted at significant changes and drove initial price surges, followed by subsequent drops. The project’s unlocking mechanism, which releases millions of PI tokens daily, is also impacting the native coin’s price. With over 340 million PI scheduled to be unlocked in June alone, concerns are growing about increased selling pressure from investors expecting to cash in on the initial surge. Further analysis is needed to understand the long-term implications of these developments for Pi Network and its token.