Pi Coin Price Drops as Unlock Pressure Fuels Selling – What’s Next?

Pi Coin has experienced a significant price decline, falling below the $0.36 mark after a sharp 5.44% daily drop and a 10.68% weekly decline. Its market cap has also shrunk, dropping 5.43%, while trading volume surged to $59.6 million, indicating increased selling activity. Notably, Pi Coin breached its all-time low of $0.335 just two weeks ago. Despite momentary rallies on the hourly chart, the token lost momentum before reclaiming key resistance levels. The recent price drop can be attributed to a series of factors including an upcoming release of over 167 million PI tokens over the next 30 days and heightened concerns surrounding liquidity.