Pi Network Price Plummets: Is This the Bottom or Just the Beginning of a Fall?

The native cryptocurrency of Pi Network has experienced a dramatic decline since hitting its all-time high in February, with prices dropping nearly 90% in just months. The latest correction within the volatile crypto market further exacerbated this downturn. As of today, PI is trading at an extremely low $0.33, marking a record low since its debut and even landing below 50th largest cryptocurrency on the market. This recent price drop coincides with significant events such as upcoming token unlocks and rising exchange balances, raising concerns about further sell pressure from eager holders looking to cash out. 💰