Pi Network: When the Only Thing Diving Faster Than the Price is Your Hope

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Well, bless my stars and garters, if it ain’t the Pi Network takin’ a nosedive like a hog off a haywagon! This here week, it’s been slippin’ and slidin’ like a politician’s promises, hittin’ its lowest mark in a fortnight. You’d think it was tryin’ to dig to China, but even that’s lookin’ more profitable right about now.

  • Pi Network’s price has been fallin’ faster than a drunk man’s hat in a windstorm.
  • Come February, 171 million tokens are unlockin’, and that’s more trouble than a barrel of monkeys.
  • Demand for Pi Coin? Well, it’s drier than a preacher’s sense of humor this year.

Pi Coin (PI), that little scamp, dropped to a measly $0.16, keepin’ up its downward march on Friday while Bitcoin and its kin were havin’ their own troubles. It’s now down 94% from its glory days, shrinkin’ from a near $20 billion valuation to a humble $1.4 billion. That’s like goin’ from a mansion to a outhouse in record time.

Now, why’s it crashin’? Well, it’s simpler than a one-horse town: demand’s drier than a bone, and supply’s growin’ like weeds after a spring rain. CoinMarketCap says the 24-hour volume dropped to $9 million on Friday. That’s chump change, folks, chump change.

And let’s not forget the token unlocks, which are still comin’ thicker than fleas on a hound dog. Over 139 million tokens got unlocked in January, and another 137 million are comin’ in February. In the next year, over 1.3 billion tokens will be set loose, averagin’ over 17.3 million a month. That’s enough to make a man weep into his corn whiskey.

Meanwhile, nearly 2 million tokens waltzed into exchanges on Friday, mostly headin’ to OKX, with Gate and Bitget followin’ behind. Now, when tokens head to exchanges, it’s usually ’cause folks are lookin’ to sell. That’s like seein’ a storm cloud and knowin’ it’s gonna pour.

The biggest Pi Network whale, who used to scoop up tokens like a kid in a candy store, has stopped buyin’. His last purchase was 17 days ago, when he moved 1.2 million tokens from OKX to his own custody. Now he’s sittin’ on over 384 million tokens worth $64 million. Him pausing his buyin’ spree is like a canary in a coal mine-not a good sign, folks.

Pi Network’s got more problems than a porch full of rocking chairs. No ecosystem to speak of, no new exchange listings, and it’s centralized like a small-town gossip circle. The foundation’s holdin’ over 90 billion tokens worth $18 billion. That’s a lot of eggs in one basket, and we all know what happens to baskets.

Pi Network price technical analysis

The daily chart looks like a sad country song-all downhill. Pi Coin’s price has been on a strong downward trendline, crashin’ below the $0.1928 support level, its lowest swing since December 15. It’s like it’s tryin’ to outrun its own shadow, but the shadow’s winnin’.

The coin’s sittin’ below the 50-day and 100-day Exponential Moving Averages, and it’s dipped below the Ichimoku cloud indicator. The Relative Strength Index is in the oversold territory, and the Average Directional Index is at 47, showin’ the downward momentum’s pickin’ up speed. Looks like it’s headed for an all-time low of $0.1500, and if it breaks that, well, you might as well start diggin’ a hole.

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2026-01-30 19:54