这种急剧的低迷引起了投资者的关注，引发了有关下降背后原因和恢复潜力的问题。

PI硬币价格波动的主要因素之一是迫在眉睫的PI令牌解锁事件。根据Piscan的数据

The value of Pi Network (PI) has seen a sharp downturn, raising concerns among investors.

PI Network（PI）的价值急剧下滑，引起了投资者的关注。

Now that the dust has settled, the crypto community is left wondering what led to such a sudden drop and whether there's potential for recovery.

既然尘埃落定了，加密货币社区就知道是什么导致了如此突然的下降以及是否有恢复的可能性。

Key Factors Behind Pi Coin’s Decline

Pi Coin下降的关键因素

One of the major contributors to the PI cryptocurrency price fluctuations is the looming token unlock event. According to data from PiScan, approximately 129 million PI cryptocurrency tokens, valued at around $175 million, are set to be unlocked.

PI加密货币价格波动的主要因素之一是迫在眉睫的令牌解锁事件。根据Piscan的数据，约有1.29亿PI加密货币令牌（价值约1.75亿美元）将被解锁。

Large-scale token releases typically increase supply, exerting downward pressure on prices. As investors fear the influx of new tokens into the market could drive prices even lower.

大规模令牌发布通常会增加供应，从而向价格下降压力。由于投资者担心新代币进入市场的涌入可能会推动价格降低。

Pi Network (PI) was trading at around $1.14 at press time. (Source: TradingView)

PI Network（PI）在发稿时的交易价格约为1.14美元。 （来源：TradingView）

Another factor that may have contributed to the decline in the Pi Network price is the conclusion of the KYC verification grace period on March 14. Miners who failed to complete the process risk losing their Pi wallet holdings, which has created uncertainty within the Pi Network market.

可能导致PI网络价格下降的另一个因素是3月14日的KYC验证宽限期的结论。未能完成流程风险失去PI钱包持有的矿工，这在PI网络市场中造成了不确定性。

The deadline may have triggered panic selling, adding to the downturn in the Pi Coin trade.

截止日期可能引发了恐慌销售，增加了Pi硬币贸易的低迷。

Despite strong community demand, there has been no progress on the Pi Network Binance listing. In February, Binance held a community vote where over 86% of participants supported adding Pi Network Coin to the exchange.

尽管社区需求很强，但PI网络二元列表却没有进展。 2月，Binance举行了社区投票，其中超过86％的参与者支持向交易所添加PI网络硬币。

However, to date, there has been no official confirmation from Binance, leading to frustration among investors.

但是，迄今为止，尚未从二元公司进行官方确认，导致投资者感到沮丧。

Furthermore, Bybit's CEO has publicly criticized Pi cryptocurrency, labeling it a scam, further dampening market sentiment.

此外，Bybit的首席执行官已公开批评Pi加密货币，标记了骗局，进一步削弱了市场情绪。

The crypto community is urged to demand Binance's transparency, fair Pi Network ranking, and an end to price manipulation. (Source: Drnicolan via X)

敦促加密货币社区要求Binance的透明度，公平的PI网络排名以及终止价格操纵。 （来源：Drnicolan通过X）

The project has been in development for six years, yet many investors feel there is a lack of transparency from the core team and updates on mainnet progress.

该项目已经开发了六年，但是许多投资者认为，核心团队缺乏透明度，并且对主网进步的最新进展。

The absence of concrete updates regarding Pi mainnet launch and the implementation of decentralized applications (DApps) has led to growing skepticism.

缺乏有关Pi Mainnet发布和实施分散应用程序（DAPP）的具体更新，这导致了人们的怀疑越来越大。

Crypto analyst Dr. Altcoin recently pointed out that the Pi Network news reflects the community's disappointment, as the Pi currency value has seen a significant drop.

加密分析师Altcoin博士最近指出，PI网络新闻反映了社区的失望，因为PI货币价值显着下降。

He further emphasized that without a transparent roadmap, investor confidence could continue to erode, leading to further declines in the Pi token price.

他进一步强调，如果没有透明的路线图，投资者的信心可能会继续侵蚀，从而进一步下降了PI令牌价格。

Potential For Recovery: Can Pi Coin Price Rebound?

恢复的潜力：Pi Coin价格可以反弹吗？

Despite the recent slump in value, some analysts remain optimistic about the potential for recovery.

尽管最近价值低迷，但一些分析师仍然对恢复潜力保持乐观。

One of the key factors that could drive a rebound is the increasing adoption of Pi currency in China. Reports suggest that an increasing number of businesses, including restaurants and retail stores, are accepting Pi Coin buy transactions.

可能推动反弹的关键因素之一是中国PI货币的采用越来越多。报告表明，包括餐馆和零售店在内的越来越多的企业正在接受Pi Coin购买交易。

This real-world utility strengthens the project's credibility and could help stabilize the coin's value in the long run.

从长远来看，这种现实世界实用程序可以增强项目的信誉，并可以帮助稳定硬币的价值。

The price of Pi Network must survive the $1.05-$1.10 support zone and exceed the $1.37 resistance to revive the bullish momentum. (Source: PropTradePros on TradingView)

PI网络的价格必须在$ 1.05- $ 1.10的支持区中幸存下来，并超过1.37美元的抵抗力，以恢复看涨的动力。 （来源：交易中的proptradepros）

Technical analysis reveals that the price of Pi Network today has major support at $1.20. If the price holds above this level, it may set the stage for a reversal towards $1.50 and ultimately $2.

技术分析表明，当今PI网络的价格为1.20美元提供了重大支持。如果价格高于此水平，它可能会使逆转阶段升至1.50美元，最终为2美元。

If the bearish sentiment continues and the exchange rate of the Pi Coin goes below $1.20, it may test the support at $1.10 or even go below $1.00, an important psychological level for investors following the price of the Pi network in dollars.

如果看跌的情绪持续并且PI硬币的汇率低于1.20美元，则可能以1.10美元的价格测试支持，甚至低于1.00美元，这是PI网络以美元价格的重要心理水平。

Market analysts are optimistic about Pi Coin's survival of the $1 support. (Source: Chad_Sniper on TradingView)

市场分析师对Pi Coin的1美元支持生存感到乐观。 （来源：交易中的chad_sniper）

While the trading of Pi Network remains limited, there is speculation regarding future listings on exchanges.

尽管PI网络的交易仍然有限，但人们对交流的未来列表有猜测。

If the exchange listings for Pi Coin widen to include exchanges such as Binance, Coinbase, or Kraken, it might stimulate fresh buying interest and drive prices upwards.

如果PI硬币的交换清单扩大到包括二元，Coinbase或Kraken等交易所，则可能会刺激新鲜的购买兴趣并推动价格上涨。

Experts are of the opinion that a formal listing on an exchange would cause a huge rally and take the price of Pi Coin back to its earlier highs.

专家认为，在交易所上的正式上市会导致大量集会，并将Pi Coin的价格恢复到早期的高点。

Final Thoughts

最后的想法

The recent decline in Pi Coin worth highlights the volatility and uncertainty surrounding the project.

PI硬币最近的下降值得强调了该项目围绕该项目的波动和不确定性。

While factors such as the token unlock, KYC verification deadline, and lack of exchange listings have contributed to the downturn, the growing adoption of Pi mining rewards in China provides a glimmer of hope.

尽管令牌解锁，KYC验证截止日期以及缺乏交换清单等因素导致了经济下滑，但中国PI采矿奖励的越来越多，带来了希望。

For a strong recovery, we need greater transparency from the core team, clear updates on mainnet progress, and expanded exchange listings. Until then, investors remain divided on whether the Pi Coin news will signal a rebound or further losses.

为了实现强劲的恢复，我们需要从核心团队中提高透明度，清晰的主网进度更新以及扩展的交换列表。在此之前，投资者在PI硬币新闻是否会标志着反弹或进一步损失方面仍然存在分歧。