- Pi Network price dropped sharply, nearing its all-time low of $0.172, driven by US-EU trade tensions.
- High daily token unlocks are adding selling pressure, worsening PI’s short-term outlook.
Pi Network’s coin has suffered a sharp drop, pushing it toward its all-time lows. Once seemingly resilient to market swings, PI now faces pressure from both global events and internal token mechanics.
Geopolitical Tensions Shake Markets
The sudden decline stems mainly from external factors. Rising friction between the US and the European Union rattled markets. The US announced a new 10% tariff on eight countries, while pursuing Greenland from Denmark. The European Union responded with an emergency meeting, and French President Emmanuel Macron called for a “trade bazooka” to restrict US market access.
These developments initially left cryptocurrencies mostly stable. However, when Asian stock markets and futures opened, panic spread, dragging down the broader market. Unlike past volatility, Pi Network’s token did not remain insulated.
Missed Rally Leaves PI Behind
Pi Network also lagged during the early January surge, when Bitcoin jumped from under $88,000 to $98,000 within days, and many altcoins posted double-digit gains. PI’s delayed response now leaves it down over 7% in daily trading, touching $0.183, just above the October all-time low of $0.172, according to CoinGecko.
Token Unlocks Add Selling Pressure
Internal factors also contribute to PI’s instability. Data from PiScanUnlock shows that over 4.6 million PI tokens are unlocked daily on average. As investors gain access to these coins, selling activity rises, adding further downward pressure to the token’s price.
In the short term, Pi Network faces headwinds from both global and internal pressures. Investors should watch daily unlock figures closely and follow geopolitical developments to anticipate further price movements.
Pi Network’s sharp decline highlights the vulnerability of even niche tokens during turbulent market conditions. Whether PI can recover or test its all-time low again will depend on global market sentiment and the behavior of unlocked token holders.
ALSO READ:Pi Network Launches Library to Integrate Pi Payments in Pi Apps in 10 Mins
DISCLAIMER:
The views and opinions expressed herein are solely those of the author or advertiser and do not necessarily reflect the views of the publisher. The publisher does not endorse or guarantee the accuracy of any information presented in this article. Readers are encouraged to conduct further research and consult additional sources before making any decisions based on the content provided.