Pi Network: 50% Surge Raises Questions About Sustainability

Pi Network experienced a significant surge in value, rising 50% within 24 hours to reach $0.64. This rebound follows a steep decline from its February peak of $2.98, highlighting the token’s high volatility and speculative dynamics. While bullish investors have managed to push the price back above $0.64, contradictory signals persist. Does this surge signify lasting stability or merely a fleeting spike amidst ongoing bearish trends? 70% of its value evaporated in recent weeks due to imbalances between supply and demand, driven by internal mechanisms within the ecosystem.