Pi Network is facing one of its toughest weeks yet. The price has dropped 6.3% and slipped below the $1 mark. At the time of writing, Pi Coin trades at $0.9432 after hitting a low of $0.9109 earlier in the day. This recent decline has triggered new concerns across the Pi community and the broader crypto market.
Trading activity has surged alongside the price drop. Pi Coin’s 24-hour trading volume rose by 12%, climbing to $284.36 million. However, increased activity hasn’t stopped the downward momentum. Instead, it suggests that traders are reacting quickly to unfolding events. Many are selling to avoid deeper losses, while others are entering to catch a possible rebound.
Pi Struggles Without Positive Catalysts
The market has not seen any bullish updates from the Pi Core Team recently. Investors have grown restless as they await news of a potential Binance listing. Unfortunately, silence from both the team and the exchange has weakened investor confidence. This uncertainty has played a major role in the current dip.
Without new partnerships or technical milestones, Pi has lacked strong catalysts to support its valuation. As the token broke below $1, a key psychological support, traders began speculating about what might come next. While some remain hopeful, others worry that more trouble lies ahead.
Massive Unlocks Threaten Price Stability
April is shaping up to be a challenging month for Pi Coin. Over the next 30 days, 97.65 million tokens will be unlocked. At the current price, these tokens are worth about $93 million. This unlock equals an average of 3.25 million tokens entering circulation each day. The largest single-day unlock, expected on April 3, will release 6.8 million tokens.
The situation intensifies beyond April. PiScan data shows that 115.57 million tokens will be unlocked this month alone. In May, that number rises to 182 million. June will see the release of a staggering 222 million tokens. These figures signal an oversupply that could stretch Pi’s price stability even further.
Dr. Altcoin Calls for Urgent Token Burn
Amid growing concern, Pi Coin supporter Dr. Altcoin has stepped forward with a possible solution. He believes that the Pi Core Team must burn between 60 to 100 million tokens soon. According to him, this move could restore the $1 price level and stabilize the market.
He blames the sudden influx of unlocked tokens into centralized exchanges for the recent crash. By reducing the total circulating supply through a burn, the team could rebalance demand and restore investor optimism. Although the Pi Team has yet to respond, the idea is gaining traction within the community.
Will the Pi Core Team Act in Time?
Many investors now look to the Pi Core Team for leadership. Their next move could determine whether Pi Coin sinks further or starts to recover. A token burn might ease the growing pressure caused by unlocks, but time is running out.
The $1 support level served as a foundation for investor trust. Losing it has opened the door to further decline. Experts now warn that Pi could fall to $0.71 in April if no intervention occurs. For now, the team remains silent, and the community waits anxiously.
Can Pi Network Regain Momentum?
Despite the current turbulence, Pi Network still has strong long-term potential. Its community remains passionate, and its vision continues to attract attention. However, market forces demand immediate action. If the Core Team announces a token burn or confirms a listing, sentiment could quickly shift.
Until then, Pi Coin faces a tough road ahead. The coming weeks will reveal whether the project can withstand the impact of massive unlocks. Traders are advised to stay alert, watch for signals from the team, and avoid risky moves without solid updates.
Final Thoughts: A Crossroads Moment for Pi
Pi Coin has entered a critical phase. The recent 6.3% drop and loss of the $1 support reflect deeper structural challenges. A $93 million unlock in April, followed by even larger ones in May and June, puts Pi under real pressure. Dr. Altcoin’s proposed token burn may offer a lifeline, but it requires bold action from the Core Team.
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Investors must approach the market with caution while monitoring potential developments. If the burn happens, a rebound could follow. If not, the path to $0.71 or lower may become reality. The coming days will decide Pi Network’s short-term fate.
