Pi Token Plummets Over 25%, Ending Week-Long Rally

The Pi Network token (PI) experienced a significant drop of over 25% in the past 24 hours, breaking its week-long rally that briefly brought the token above the $1 mark. While trading volume surged by 3.7% over this period, the price decline has erased much of recent gains and sent the token back to levels significantly below its all-time high. This unexpected drop comes after a 114% weekly surge in price driven by increased activity and investor optimism following a significant accumulation phase.