Token

Coin

<ul class="wp-block-list news-points">
 <li>Pi Network (PI) has crashed a whopping 19% in the past 24 hours, dropping to 17th position.&nbsp;</li>
 <li>A massive 129 million PI tokens, worth $140.61 million, will hit the market.&nbsp;</li>
 <li>Despite Binance’s community voting in favor of a PI listing, the CEX hasn’t made an announcement.</li>
</ul>
Pi Network (PI) has seen its price take a significant hit, dropping 19% in the last day to trade around $1.09, according to the <a href="https://coinmarketcap.com/currencies/pi/" target="_blank" rel="noopener noreferrer nofollow">latest data</a> from CoinMarketCap. This slide has also pushed Pi Network down the cryptocurrency rankings, from the 11th spot to 15th, as of writing.&nbsp;
A key indicator of the market’s reaction is the massive 70% surge in trading volume, signaling a rush to sell.
While there was considerable initial excitement surrounding Pi Coin, recent times have been tougher. The lack of major updates and key announcements seems to be adding to the pressure, leading to a more negative sentiment among investors.
<h2 class="wp-block-heading" id="h-pi-token-unlock-and-market-sentiment">PI Token Unlock and Market Sentiment</h2>
The primary driver behind this latest price drop appears to be the upcoming release of Pi tokens. We’re talking about roughly <a href="https://piscan.io/unlock-statistics-monthly" target="_blank" rel="noopener noreferrer nofollow">129 million Pi Coins</a>, which translates to a hefty $140 million hitting the open market.&nbsp;
Historically,…
The post <a href="https://coinedition.com/pi-network-pi-price-crash-token-unlock-and-binance-uncertainty-weigh-heavy/" rel="noopener noreferrer nofollow">Pi Network (PI) Price Crash: Token Unlock and Binance Uncertainty Weigh Heavy</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Pi Network (PI) Price Crash: Token Unlock and Binance Uncertainty Weigh Heavy

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