Pi Network Price Decline: Further Collapse Ahead?

Southern Asia06:18 05.07.2025 robbob

The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
This summary text is fully AI-generated and may therefore contain errors or be incomplete.

Pi Network (PI) continues its downward spiral, with a 13% weekly decline and growing concerns of further drops. Massive token unlocks and swelling exchange balances are adding to the selling pressure, raising fears of an intensified crash.

PI's price has fallen 26% in a month, with exchange balances swelling by 6M tokens in 24 hours.
A record 18.2M PI tokens unlock today, increasing immediate selling pressure.
Geopolitical tensions and accelerated token releases previously triggered PI's drop to $0.40 in June.

📎 Read the original article on cryptopotato.com

Previous Article US House Announces 'Crypto Week' to Review Key Digital Asset Bills

The US House of Representatives has announced 'Crypto Week' starting July 14, during which lawmakers will review three significant digital asset bills: the CLARITY Act, the Anti-CBDC Act, and the GENIUS Act. These bills aim to establish a clear regulatory framework for cryptocurrencies, protect consumers, and prevent the creation of a Central Bank Digital Currency (CBDC). The CLARITY Act introduces a dual regulatory framework involving the SEC and CFTC, while the Anti-CBDC Act seeks to block the Federal Reserve from issuing a digital dollar. Meanwhile, the GENIUS Act, which passed the Senate, faces opposition from Democrats over concerns about President Trump's ties to the crypto industry. The House is prioritizing these bills as part of efforts to make the US the global leader in crypto innovation.

Next Article Ethereum Nears Breakout as Analysts Predict Liftoff

Ethereum (ETH) has gained 4.2% over the past week, trading around $2,500, though it remains down 19% year-over-year. Analysts like Merlijn The Trader suggest ETH is entering the 'liftoff' phase of the Wyckoff Accumulation pattern, signaling a potential bullish trend with a breakout target of $3,700. However, Carl Moon warns of a possible drop to $2,200 if ETH fails to escape a rising wedge pattern. Meanwhile, Ethereum's network activity is surging, with daily transactions and active addresses nearing all-time highs, and liquid staking reaching 35.5 million ETH locked. At press time, ETH trades at $2,522, down 3.8% in 24 hours.

Notifications 0

There's a new post available! Refresh to see it.