The price of Pi Network’s native token (PI) has plunged by 11% in the past 24 hours, now trading at $0.47. The drop comes amid a broader market-wide sell-off triggered by rising geopolitical tensions after U.S. President Donald Trump ordered surprise airstrikes on three Iranian nuclear sites.
Geopolitical Fears Trigger Panic in Crypto
The airstrikes on Iran have jolted global financial markets. As fear of conflict escalation grows, Bitcoin, Ethereum, and other major assets suffered significant losses, with billions in liquidations occurring across the board. Investors rapidly exited high-risk digital assets, intensifying sell pressure on smaller, speculative tokens like Pi Coin.
This volatile environment pushed Pi closer to its all-time low below $0.40, raising concerns among retail holders and early adopters.
June Token Unlock Fuels Downtrend
In addition to macro pressures, internal tokenomics have worsened PI’s price outlook. A major unlock of 263 million PI tokens, valued at approximately $143 million, hit the market this month. This massive supply release has contributed heavily to the ongoing decline, adding substantial sell-side pressure just as sentiment weakened.
The 30% monthly loss in June underlines Pi’s struggle to maintain investor confidence during its transition to a more liquid and tradable environment.
Technical Signals & Hope Around ‘2 Pi Day’
Despite the bleak chart, some technical indicators show Pi entering oversold territory, a zone where short-term rebounds are historically more likely. Traders are watching closely for potential bounce signals.
Optimists in the community point to June 28th – “2 Pi Day”, a symbolic date when the project has previously shared key updates. Rumors of announcements or ecosystem developments offer a glimmer of hope, although expectations remain cautious.
“Pi is officially in the $0.4 range, and I expect it to remain there until the end of August,” noted analyst Dr Altcoin, downplaying the likelihood of a meaningful reversal tied to community events.
Outlook: Caution Warranted as Pi Nears Critical Levels
With price teetering near record lows, Pi Coin faces a pivotal moment. While short-term technicals hint at a possible rebound, external geopolitical risks and internal token dilution could continue to suppress upside momentum.
Unless fundamental developments or utility-based catalysts emerge soon, Pi’s price could drift below the $0.40 level, testing new lows as investor patience wears thin.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.