{"id":384761,"date":"2025-03-25T14:22:57","date_gmt":"2025-03-25T08:52:57","guid":{"rendered":"https:\/\/dripp.zone\/news\/why-is-pi-coin-price-down-5-today-crypto-news\/"},"modified":"2025-03-25T14:25:29","modified_gmt":"2025-03-25T08:55:29","slug":"why-is-pi-coin-price-down-5-today-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/why-is-pi-coin-price-down-5-today-crypto-news\/","title":{"rendered":"Why Is Pi Coin Price Down 5% Today? – Crypto News"},"content":{"rendered":"

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Pi coin, the native cryptocurrency of Pi Network, is once again facing strong selling pressure following the rejection at $1. The Pi Coin price has tanked 5% in the last 24 hours, now trading at $0.923, with daily trading volumes crashing 30.56%, slipping under $200 million. The PI token unlocks and movement to centralized exchanges (CEXs) have led to the current selling pressure.<\/p>\n

Pi Network Native Crypto Supply on Exchange Increases<\/h2>\n

Over the last seven days, the Pi Network native crypto Pi Coin has corrected 22% after it failed to breach past $.120 levels multiple times. This has also resulted in the cryptocurrency slipping from 11th position to now at 23rd position, while losing over $13 billion in market cap over the past month.<\/p>\n

Pi Fails To Hold $1 Mark<\/h3>\n

Pi Coin price is failing to regain<\/a> $1 as PI exchange deposits have shot up in recent days. This selling pressure comes with nearly 8 million PI tokens moving to centralized exchanges (CEXs). According to market analysts, the PiCore Team (PCT) must take urgent action to stabilize the token\u2019s value. A proposed solution involves burning 60 to 100 million coins from the circulating supply in the coming days to prevent further price depreciation.<\/p>\n

On the other hand, the total number of PiCoins held on CEXs has surged to over 338 million. This has further led to concerns about increased sell-offs and price volatility in Pi Network.<\/p>\n

Where\u2019s Pi Coin Heading Next?<\/h2>\n

A recent TradingView chart by Coinvo reveals a sophisticated trading pattern for the PI\/USDT trading pair on Bitget, highlighting a potential \u201cTriple ZigZag\u201d formation that suggests a possible market trend reversal.<\/p>\n