Is Pi Network About to Take a Tumble? You Won’t Believe What Happens Next! 😱

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Ah, the joys of cryptocurrency! 🎩

  • With a staggering 160 million PI tokens poised to be liberated this month, and a veritable flood of tokens recently whisked off to exchanges, one might say the selling pressure is about to reach a delightful crescendo! 🎶
  • While the community clings to dreams of $3.14 or even the audacious $314, analysts, bless their hearts, suggest that a descent towards $0.314 is far more likely. How charmingly optimistic! 🙄

More Pain Ahead for the Bulls? 🐂💔

Our dear Pi Network’s native token took a nosedive to a dismal low of under $0.40 on April 5. But lo and behold! Just a day later, it had the audacity to bounce back to nearly $0.75 before retreating to a rather pedestrian $0.57, all while the broader crypto market decided to throw a tantrum at the week’s start. How very dramatic! 🎭

One cannot ignore the rather significant factor of the impending token unlocks. Data reveals that nearly 1.5 million PI are set to be released today (April 8). By the end of this month, over 160 million tokens will have been freed, worth a staggering $92 million at current rates. Quite the treasure trove, wouldn’t you say? 💰

Mark your calendars for April 18, the day when 9.8 million PI will be set free! If investors decide to part with their long-awaited assets, we might just witness a price decline that would make even the most stoic investor weep. 😢

Currently, PI’s circulating supply stands at a whopping 6.8 billion tokens, with over 5.1 billion still locked away like a secret in a Victorian novel. 📚

In addition to the scheduled unlocks, it seems that industry participants have gallantly moved 2 million tokens to exchanges in the past 24 hours. Such actions suggest an impending cash-out, which could amplify selling pressure and drag down PI’s valuation. How positively thrilling! 🎢

What’s Next: ATH or ATL? 🤔

Speaking of price predictions, one rather cheeky X user recently informed his 80,000 followers that PI’s dramatic decline over the past month resembles more of a “dump” than a “dip.” They even posed the question: will the price first reach $0.314 or $3.14? A conundrum for the ages! 🧩

The targets are symbolic for the Pi community, reminiscent of the mathematical constant π ≈ 3.14. At present, plummeting to $0.314 seems far more realistic than ascending to the lofty heights of $3.14. How delightfully tragic! 😅

Just a few months ago, some optimistic souls believed the price could one day soar to $314. However, it’s worth noting that such a valuation would require the market cap to explode into multi-trillion territory, making this forecast not just implausible, but rather laughable (at least for now). 😂

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2025-04-08 20:35