Pi Coin Plummets Following Supply Shock: Market Uncertainty Remains

Pi Coin experienced a dramatic price decline, dropping over 25% to approximately $1.10 today following the introduction of 8 million Pi coins. This surge coincided with a sharp rally leading up to the unlocking and launch on May 1st. Now, traders are worried about an additional 13 million Pi coin unlock scheduled for May 15th, raising concerns about potential supply pressure again. This sudden influx has shaken market balance, creating uncertainty among investors.