Why is Pi Network price down despite crypto market recovery?
Pi Network price has dropped below $1, now trading at $0.92 after a 4% decline in the past day despite a broader crypto market recovery.Pi continues to struggle, down more than 65% from its earlier peak of $3 this year. The growing supply pressure is one of the main causes of this decline. According to data from Pi Scan, nearly 99.3 million Pi Pi Network
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-4.12%
Pi Network tokens, worth approximately $91 million at Mar. 25 prices, are scheduled to be unlocked over the following 30 days.