Pi Coin Price Drops Amidst Massive Unlock, Community Concerns Mount

The price of Pi Coin (Pi) is facing a downturn, falling below the $0.60 level despite recent efforts to unlock tokens for circulation. The token’s decline follows an extensive 30% drop in the last two weeks, leaving it considerably down from its February peak. More than 119 million Pi tokens are expected to enter circulation by month-end alone, as a massive unlocking process continues. While this influx of tokens is anticipated, community concerns are rising due to the delays and lack of transparency surrounding the project.