🍕PI Token Plummets While Market Parties: Inside the Oddity

TL;DR

• While the crypto market throws a block party, Pi Network’s token decides to stay home and sulk, dropping another 6%.

Bitcoin, the life of the party, dances to $87,000, leaving its Thursday blues behind. Meanwhile, altcoins like Avalanche show off their moves with a 11% surge. LINK, SOL, HBAR, and SUI join the conga line, but TRX and PI? They’re the designated drivers, watching from the sidelines with 4.5% and 6% losses.

PI, in particular, is having a rough week. It’s like the kid who brings a kazoo to a brass band competition—over 30% down in a week and nearly 70% since its all-time high in February. Ouch.

But wait! There’s a silver lining, right? A shiny new partnership and signs of a trend reversal? Nope. Pi News breaks the news that 330 million PI tokens have been dumped on centralized exchanges. It’s like watching someone try to sell ice to Eskimos.

Despite the gloom, the Pi team is as optimistic as ever. “Hey, maybe if we build it, they will come. And by ‘it,’ we mean the Pi ecosystem, and by ‘they,’ we mean a higher price for PI.”

330M of $PI deposited in CEX has reached a record high. 🎉

Currently, the $PI price remains in the $1 range. 😐

Perhaps by participating in the construction of the Pi ecosystem, the price of Pi will reach a new high. 🤞#PiNetwork

— Pi News (@PiNewsMedia) March 23, 2025

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2025-03-24 10:13