⚠️ PI Nears All-Time Low — 149M Token Unlock Could Trigger M
SRJ BNB
Updated at: 7 hours ago
{"content":"⚠️ PI Nears All-Time Low — 149M Token Unlock Could Trigger Massive Sell-Off
Pi Network price falls Wednesday, reaching its August 1 all-time low of $0.322.
According to PiScan, the September monthly token unlock of over 149 million tokens may enhance selling pressure.
Artemis statistics reveal that daily trade volumes have been falling since mid-May, indicating market weakness.
On Wednesday, Pi Network (PI) fell below $0.339, approaching its August 1 all-time low of $0.322. Next month, over 149 million tokens will unlock, which might increase selling pressure amid falling trading volumes and market sentiment.
Pi Network's 149 million token unlock might deepen correction.
September's PiScan monthly unlock data shows over 149 million tokens worth $50.71 million will unlock. These token unlock events will boost PI supply and selling pressure, which might lower prices. Plans for unlock schedules may have less of an effect since traders anticipate the shift and position themselves appropriately.
PI chain interest and liquidity declines are another negative warning for traders. Since mid-May, Artemis Terminal statistics reveal that daily token trading volume has progressively declined, reaching $43.8 million on Tuesday, indicating market interest is falling.
Pi Network Price Forecast: Near record low
Pi Network pricing has decreased by almost 17% this month, hitting an all-time low (ATL) of $0.322 on August 1. As of Wednesday, it trades about $0.340.
PI may fall to $0.322 if its negative trend continues.
PI might rebound to its daily resistance of $0.400.
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