Pi Network Price Rollercoaster Continues as PI Dumps by 35% in Hours

TL;DR

• What goes up should come down, proper? Properly, that’s definitely true for Pi Community’s native token, which crashed arduous prior to now a number of hours.
• Nonetheless, some analysts stay optimistic, indicating that that is simply the required correction earlier than one other large leg up that may take it above $2.

The cryptocurrency market hardly ever stays boring for lengthy, as there’s all the time some altcoin that waits to supply large value volatility. Previously week, that honor belongs to Pi Community’s cryptocurrency.

PI stood inside a consolidation vary at round $0.6 up till the top of the earlier enterprise week, when the crew behind the challenge hinted a couple of main improvement approaching Could 14.

Whether or not it was the hype round that or the general market resurgence, it doesn’t actually matter, however the actuality is that PI’s value skyrocketed by virtually 200% to yesterday’s peak at round $1.7. This turned its highest price ticket in effectively over a month.

However nothing actually goes in a straight line on a regular basis. PI proved that to be appropriate as we speak as its value slumped arduous by over 35% at one level and even dipped under $1 briefly. Though it has recovered to $1.12 as of now, it’s nonetheless greater than 25% down on the day.

This large decline comes amid a comparatively negligent token unlock of fewer than 8 million PI. For comparability, the quantity is ready to shoot as much as over $13 million on a number of events within the subsequent month.

Regardless of this correction, analysts stay optimistic about PI’s future value efficiency, as technical observers considerably anticipated this value drop to $1 help. Moon Jeff continues to again the asset and famous that as we speak’s crash implies that tomorrow’s announcement may have already been priced in.

Nonetheless, the favored X commentator believes if the information is “nice,” it may pump the worth larger to above $2.

$PI is already priced in for the information.

Now ready for the information.
If the information might be nice we are going to pump up larger.
Perhaps barely above $2. #PiNetwork pic.twitter.com/CSQmrYornw

— MOON JEFF (@CRYPTOAD00) May 13, 2025