Three reasons why PI Network (PI) prices are at risk

tl; dr

The installation of sales pressures threatens the price of the Pi, with millions of tokens set to unlock the following week. Hopes will be pinned on PI2 Day (June 28th), with major announcements and speculations from the Binance list.

Will it hurt more now?

PI, the native cryptocurrency for PI networks, has grown by 20% over the past two weeks, and has not been in its highest shape recently. And while asset advocates and investors are hoping for a comeback, some key factors suggest that a further decline may be ongoing.

To get started, the total amount of tokens planned to be unlocked over the next 30 days is over 335 million. June 18th and July 6th I’m expecting It’s going to be a record day Over 15.5 million pi will enter the circulation.

This allows people to offload tokens that they’ve been waiting for for a long time. that It does not guarantee a large amount of outlets, but it certainly leads to increased sales pressure.

Next on the list is the number of tokens stored on the exchange. Data shows that it is almost 340 million pi It will be held On a centralized platform, Bitget leads the pack with 118.3 million people.

By the end of May, the numbers will be I’ve reached it Approximately 310 million. A change to the advantage that indicates that investors will move some of their stash into exchanges and may cash out immediately.

Another bearish element is Binance’s unwillingness to allow trading services on PI. The world’s largest crypto exchange issued a community vote in February, asking users if they wanted to see the tokens available on the platform.

The majority have clicked on the “Yes” option, but the company still does not respect their wishes. The silence on the issue has been repulsed by PI supporters.

I’m waiting for PI2 days

in spite of The above-mentioned factorsfurther indicating a collapse in prices, with some members of the PI network community turning their attention on June 28th. It is known as that day PI2 Because it is expressed 6.28which of It’s derived 2 from multiplication of the symbolic mathematical constant Pi (3.14).

According to For some, the PI network team may reveal a special surprise that day. Like the popular X-user PI Barter Mall, other think Pi prices are possible suffer It will decrease over the next few weeks but will experience rebound PI2 day.

cryptoleakvn, for them, distribution Rumors that Binance might list coins on PI2. Still, investors should be aware that the day may pass without any significant development.