Pi Coin Price May Dip Back to $0.40: Why the Concerns?

Pi Coin is currently down more than 6% and trading at $0.74, a far cry from its recent peak of $1.50. Speculative frenzy surrounding the upcoming Consensus event in May fueled a jump of over 150%, only to be followed by a swift reversal upon no significant updates being delivered. Pi’s value has since dropped more than 70% from its high, and trading volume has declined by over 44%, suggesting waning investor enthusiasm. Analysts warn that without a major catalyst like the promised Pi Network Ventures fund, the coin could revisit its historical low of $0.40.