Pi Network Coin's Big Intraday Drop: What's Next? Plus, Top Virtual Currency Ranking Revealed!

Pi Network Coin's Big Intraday Drop: What's Next?can sol hit 1000 Plus, Top Virtual Currency Ranking Revealed!

Pi Network, a well - known cryptocurrency project, has been in the spotlight recently due to the significant intraday drop of its native token, Pi Coin (PI). This article will delve into the current situation of Pi Coin, analyze what might happen next, and also touch on the broader virtual currency ranking landscape.

Pi Coin's Recent Price Performance

Pi Coin has been facing a rough patch in the market. In the past, it reached a high point. For instance, in late February 2025, it hit a record high of $2.99. However, since then, its price has been on a downward trajectory. As of March 27, 2025, the price of Pi dropped about 3% to $0.79, with the 24 - hour trading volume increasing by 33% to $3.27 billion. And on May 30, 2025, Pi was trading between $0.688 and $0.816, with a current price of $0.6894. It had a 15% decline in the past week, and since hitting nearly $3 in February, it has dropped over 75%.

There are several factors contributing to this downward trend. Firstly, a large number of tokens are set to be unlocked in the future. According to PiScan data, in the next 30 days, a total of 105.96 million Pi will be unlocked, with an average daily unlock of about 3.5 million tokens. Looking ahead 12 months, 1.6 billion Pi coins will be unlocked, averaging 129 million per month. The upcoming unlocks in June (263 million), August (233 million), and other releases during the same period will add significant selling pressure to the market.

Secondly, the lack of a clear stance from the Pi Core team has also increased investors' concerns. Moreover, the fact that leading cryptocurrency exchanges like Binance have not listed Pi Coin has dampened investors' enthusiasm.

What's Next for Pi Coin?

Many market experts predict that due to the large - scale token unlocks, the price of Pi Network will continue to decline. Some even forecast that it could drop to $0.6. The continuous inflow of tokens into the market may severely hurt investors' sentiment. On the other hand, although the price is falling, the trading volume has been increasing. For example, on May 30, the trading volume increased by more than 42% from the previous day, with the total turnover exceeding $158 million, indicating increased market activity.

However, there is still a glimmer of hope. Some market observers remain bullish, suggesting that there may be a breakthrough in the future. If the Pi Core team can come up with a clear development strategy, and if Pi Coin gets listed on major exchanges, it may attract more investors and reverse the current downward trend.

Virtual Currency Ranking

Looking at the broader virtual currency market, Bitcoin (BTC) remains the dominant force. With a market capitalization of approximately $1.66 trillion and a dominance rate of about 58.1% as of March 9, 2025. Other well - known cryptocurrencies like Ethereum (ETH), Ripple (XRP), Solana (SOL), Dogecoin (DOGE), Litecoin (LTC), and Toncoin (TON) have also had their ups and downs. At one point, ETH dropped to a multi - year low below $2000 and then recovered some losses, trading at around $2120.

When it comes to social media popularity, on the X (Twitter) platform, Bitcoin ($BTC) has 7.5 million followers, Pi Network ($PI) and Dogecoin ($DOGE) both have 4.3 million followers, which shows that Pi Network still has a relatively large user base and community influence.

Conclusion

The future of Pi Coin is uncertain. The upcoming token unlocks pose a significant threat to its price, but the increasing trading volume also shows that there is still interest in the market. As for the virtual currency market as a whole, it is highly volatile, and each cryptocurrency has its own set of influencing factors. Investors need to conduct in - depth research and analysis (DYOR) before making any investment decisions in this ever - changing market.

FAQ: What should I do if I hold Pi Coin now? It depends on your investment goals and risk tolerance. If you believe in the long - term potential of Pi Network and can withstand the short - term price fluctuations, you may choose to hold. However, if you are risk - averse and the continuous price decline makes you uneasy, you may consider selling part or all of your holdings. But always remember to DYOR before making any decisions.

FAQ: Will Pi Coin ever reach its previous high of $2.99 again? It's hard to say. It will depend on various factors such as the project's development progress, market sentiment, and the regulatory environment. If the Pi Core team can solve the current problems and gain more market recognition, there is a possibility of a price recovery, but it's not guaranteed.

FAQ: How does the large - scale token unlock affect the price of Pi Coin? The large - scale token unlock means more tokens will enter the market. If the demand does not increase proportionally, the increased supply will create selling pressure, which usually leads to a price decline.