At the time of writing Pi Network fell 7.25% in last 24 hours to trade at $0.6644, falling to its lowest since February 25th.
The price of Pi Network (CRYPTO: PI) continues to decline as buyers stay away and concerns about the upcoming token unlock grow. At the time of writing, Pi Network fell 7.25% in last 24 hours to trade at $0.6644, falling to its lowest since February 25th. The crytocurrency is trading down 77% from its all-time high of $2.99 and trading near all time low of $0.6152. In the last seven days, Pi network coin dragged over 25%.
What Is Happening With Pi Coin
The sell-off in Pi Coin has continued as traders focus on the upcoming token unlock, which is expected to cause further declines in the future. According to Piscan, over 124 million Pi coins will be unlocked this month.
These unlocks will increase over the next three months, reaching 233 million in July. Overall, the network expects to unlock over 1.53 billion tokens in the next 12 months, bringing the total circulating supply to 8.2 billion.
According to the latest data, the global crypto market cap now stands at $2.72T, showing a minimal increase of 0.14% in last 24 hours. At the same time, the total crypto trading volume in 24 hours was $77.68B, to which DeFi holds $5.45B, 7.01% of the total crypto market 24-hour volume. At the same time, the volume of all stablecoins was around $73.51B, contributing 94.62% of the total crypto market 24-hour volume.
Top Cryptocurrency Price Today
At the time of writing, Bitcoin was trading flat over the $84,000 mark. On the other hand, Ethereum was doing business below $1900. Solana (CRYPTO: SOL) dropped over 2% to trade below $18. Meanwhile, Dogecoin (CRYPTO: DOGE) was trading in negative territory.
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