Pi Network has dropped by 15% over the last day, reaching $0.5645 following Donald Trump’s recent tariff announcement, which has affected the entire crypto market. This marks a significant downturn for PI, which has decreased by 33% in a week, 67% in a month, and 81% since its peak of $2.99 on February 26. The situation worsens as Pi Network continues to regularly release new PI tokens, with 123 million PI expected to be unlocked in April. These ongoing releases, alongside major exchanges like Binance still not listing the coin, may further decrease its value in the coming months.
The token is hitting new all-time lows, even dropping below its initial listing price, suggesting a severe decline in value. This drop is exacerbated by a lack of market momentum and new exchange listings, alongside unfavorable macroeconomic conditions. The token’s relative strength index has been fluctuating between 40 and 20, indicating significant overselling. The continuous unlocking of large amounts of PI, combined with low demand, is likely to decrease its price further, with projections suggesting it could fall to $0.40 by May and $0.30 by July.
Despite the grim outlook for PI, some new tokens in the market aim to defy the trend and achieve gains. One promising presale coin is MIND of Pepe (MIND), an ERC-20 crypto that has raised $7.8 million through its ICO. MIND of Pepe is launching an autonomous AI agent that will interact with the crypto market, offering market advice and generating meme coins designed to go viral. Holding the native token MIND provides access to these insights and early access to self-generated tokens. Demand for MIND is expected to be high, as indicated by its successful presale.
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