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Alarm bells on the Pi Network: Sales are not stopping!
The Pi Network, which stands out with a large user base in the crypto world, has recently faced significant selling pressure. The project's native token, PI, has dropped by 22% in the last week, falling to $0.61 on May 31, 2025.
In analyses based on market data, it is stated that confidence in the future of the Pi Network has weakened, and investors have taken a cautious position. Several key factors are highlighted as contributing to the increasing selling pressure on the token:
* The lack of new developments for a long time,
The PI token's absence from major cryptocurrency exchanges other than OKX remains,
The decline trend observed in the overall market,
A noticeable decrease in investor interest.
According to analysts' comments, it is suggested that if the selling pressure continues, the PI token could break the technical support level of 0.55 dollars, and if it falls below this level, the price could approach the historical low point of 0.40 dollars. On the other hand, the possibility of a recovery towards 0.86 dollars with a potential buying reaction is also present in some scenarios.
At the time the news was written, PI is trading at a level of 0.64 dollars.
Published: June 2, 2025 16:10