No Major Gains for Pi Network (PI)? Analyst Reveals the Reason
2025-07-11 13:09:01
Main Idea
Bitcoin and several altcoins saw significant price increases, with Pi Network (PI) posting minor gains but facing challenges due to decentralization issues and token unlocks.
Key Points
1. Bitcoin (BTC) reached a new all-time high of over $118,000, while Ethereum (ETH), Ripple (XRP), and Cardano (ADA) also saw substantial daily gains.
2. Pi Network (PI) increased by 2.2% in 24 hours, trading below $0.50, with a market cap briefly exceeding $4 billion before settling at $3.8 billion.
3. Critics highlight PI's lack of decentralization, communication issues, and liquidity as barriers to significant price growth.
4. PI's price has dropped 70% over two months, with concerns about its massive token supply and upcoming unlocks of over 215 million coins.
5. Centralized exchanges hold a growing amount of PI tokens, with Gate.io and Bitget being the largest holders, which may contribute to price pressure.
Description
TL;DR PI’s price increased by a mere 2.2% daily, possibly held back by low liquidity, concerns over centralization , and weak investor confidence. Over 215 million PI tokens are set to unlock soon, while exchange holdings have risen to 381.4 million, signaling potential selling ahead. PI Lags Behind The entire cryptocurrency market has been on fire over the past few days, with Bitcoin (BTC) tapping a new all-time high price of over $118,000. The altcoins performed quite well, too: Ethereum (ETH)...
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