Pi Coin plunged 17% in a single day, leaving investors in panic as the anticipated 129 million token unlock worth $175M threatens to flood the market and drive prices lower.
Despite its strong community, trust is eroding due to a lack of clear progress.
The failure to secure a Binance listing, despite 86% community support, has further dampened sentiment.
Without major exchange backing, liquidity remains low, and growth stalls.
Pi Day came and went without major updates, deepening frustration among early supporters.
After six years in development, Pi’s Open Mainnet launch remains uncertain, with developers offering little transparency.
Crypto analyst Dr. Altcoin noted Pi’s slip to #13 on CoinMarketCap, while CryptoCove profited from shorting the coin as its price fell.
Some analysts believe a Binance listing could trigger a recovery, with projections of a possible 3X rally.
However, without meaningful updates from the Pi Core Team, investor confidence remains fragile, putting Pi Coin’s future at risk.
The post Pi Network price drops 17%, sparks concerns among investors appeared first on Vanguard News.
