The number pi of cryptocurrencies: Pi Coin faces turbulence in the market

Pi Coin (PI), known as the “cryptocurrency pi number” for its innovative approach to mining, has recently experienced significant turbulence. The token dropped to $0.17 in the last 24 hours, marking a concerning low, although it later showed signs of modest recovery. This rebound reflects a slight reduction in selling pressure, facilitated by lower reserves on exchanges, but analysts warn that the recovery remains fragile.

Supply Pressure and Technical Uncertainty

According to NS3.AI analysis, the underlying weakness lies in multiple factors. Firstly, trading volume has contracted significantly, limiting the market’s ability to absorb buying demand. Even more concerning is the prospect of future token unlocks, which would substantially increase the circulating supply of the cryptocurrency pi number, exerting downward pressure on the price. This potential dilution scenario keeps investors on alert.

Volatility contagion from major assets

The outlook becomes more complicated when considering the broader macroeconomic context. Bitcoin and Ethereum, currently trading at $89.07K and $3.02K respectively, have also experienced downward pressures. The widespread risk-averse sentiment driven by geopolitical events—particularly new tariff impositions—has created a domino effect across the entire cryptocurrency ecosystem. Pi Coin, as a lower-cap token, is particularly vulnerable to these shifts in market risk appetite, amplifying its volatility movements.

The convergence of these technical and macroeconomic pressures suggests that the cryptocurrency pi number will face an important testing period in the short term.