Pi Coin Update: Price Dips After 4.9 Million Tokens Unlock, But Whales Accumulate
- Pi Coin dips 1% to $0.63 as 4.9 million tokens unlock today
- Whale transfers $7.5M PI to private wallet amid steady accumulation
- Price forecasts suggest potential gains if exchange listings materialize
Pi Coin is trading at $0.63, down 1% in 24 hours, as 4.9 million new tokens unlock today, April 22. The market faces supply pressure, though notable whale activity and optimistic long-term forecasts suggest investor interest is still likely on for the token.
Price Stalls Below Resistance as Supply Grows
Pi Coin continues to face resistance at the $0.65 level. Since reaching a peak of $3 on February 26, the token has fallen by 85% before settling into a sideways trading range.
Despite several attempts to push past resistance, momentum has faded due to ongoing token unlocks. As of this press time, Pi Coin is down by 15% in the past week, increasing its monthly loss to 37.6% despite an 8.3% surge in the past two weeks.
The 4.9 million token release scheduled for today adds to the daily supply inflow that has weighed on price action in recent weeks, with no immediate catalysts in sight.
Related: Is Pi Network on the Verge of a Breakout? Fresh Roadmap Fu…
The post Pi Coin Update: Price Dips After 4.9 Million Tokens Unlock, But Whales Accumulate appeared first on Coin Edition.
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Pi Coin Update: Price Dips After 4.9 Million Tokens Unlock, But Whales Accumulate
- Pi Coin dips 1% to $0.63 as 4.9 million tokens unlock today
- Whale transfers $7.5M PI to private wallet amid steady accumulation
- Price forecasts suggest potential gains if exchange listings materialize
Pi Coin is trading at $0.63, down 1% in 24 hours, as 4.9 million new tokens unlock today, April 22. The market faces supply pressure, though notable whale activity and optimistic long-term forecasts suggest investor interest is still likely on for the token.
Price Stalls Below Resistance as Supply Grows
Pi Coin continues to face resistance at the $0.65 level. Since reaching a peak of $3 on February 26, the token has fallen by 85% before settling into a sideways trading range.
Despite several attempts to push past resistance, momentum has faded due to ongoing token unlocks. As of this press time, Pi Coin is down by 15% in the past week, increasing its monthly loss to 37.6% despite an 8.3% surge in the past two weeks.
The 4.9 million token release scheduled for today adds to the daily supply inflow that has weighed on price action in recent weeks, with no immediate catalysts in sight.
Related: Is Pi Network on the Verge of a Breakout? Fresh Roadmap Fu…
The post Pi Coin Update: Price Dips After 4.9 Million Tokens Unlock, But Whales Accumulate appeared first on Coin Edition.
Read More