The post Pi Network Price Crashes 36%: Can It Recover, Despite Unlocks Ahead? appeared first on Coinpedia Fintech News
Social media buzz is rising fast for PI Network and is significantly getting attention again in the community, but given the pessimistic situation it is in. The polarity of discussions is negatively dominated, signifying strong bearish opinions being expressed.
This is due to Pi Network’s price took a massive hit today, crashing 36% to reach an all-time low of $0.40.
This happened because of a combination of factors, the crypto sector turned red in the past three days, with Donald Trump’s unilateral tariffs threat, Israel’s latest strike on Iran – heightening israel – iran conflict, and delays in the Pi mapping migration in Chinese-speaking regions, which could have contributed to the sharp drop.
In addition to macro tensions and technical weaknesses, concerns about tokenomics are also growing. The daily unlocks of the PI token can influence its price.
According to PiScan, over 340 million PI tokens will be released next month. Notably, June 18, June 26, July 5, and July 7 will see the largest unlocks.
These developments may increase selling pressure. Some investors, who have waited years for their tokens, might choose to take profits.
Weighted Sentiment Plunged: Strong Negative Hint For PI Network Price Action
If we go back to last month, we remember that the Pi Network Core Team hinted at a major announcement in early May. This led to a rapid price surge, pushing PI price from $0.6 to nearly $1.7 in just days.
However, the asset quickly lost momentum, dropping back to just over $0.6 even before the announcement was made. This decline followed the launch of a new initiative focused on investing in Pi Network-native projects.
Since the decline, the overall market sentiment for Pi Network has been notably negative the past 30 days.
The weighted sentiment indicates a drop in confidence among Pi holders, contributing to the ongoing downtrend.
This lack of investor optimism may significantly impact Pi Network’s price as it is already too low and is in serious need of nearby support, which, for now, it is facing difficulty finding.
PI Price Hits April’s Lows Again
As of now, the Pi Network price is at $0.56, reflecting a 13% drop today. While this decline is significant, the intra-day low of $0.39 raises the most concern. This drop marks a 36% fall, reaching the lowest point in the altcoin’s history.
The $0.39 all-time low was recorded in April. Although there has been some recovery, this sharp decline has caused panic among investors.
However, if investors choose to take advantage of the situation, it could be an opportunity to buy Pi at a discount. This may lead to a price rebound.
According to the Fibonacci tool, the PI price is near the “0.0%” level. If it rebounds, the next target could be the “23.6%” level at $1.052, but it must first break the $0.73 level in the short term.
.article_register_shortcode
padding: 18px 24px;
border-radius: 8px;
display: flex;
align-items: center;
margin: 6px 0 22px;
border: 1px solid #0052CC4D;
background: linear-gradient(90deg, rgba(255, 255, 255, 0.1) 0%, rgba(0, 82, 204, 0.1) 100%);
.article_register_shortcode .media-body h5
color: #000000;
font-weight: 600;
font-size: 20px;
line-height: 22px;
text-align:left;
.article_register_shortcode .media-body h5 span
color: #0052CC;
.article_register_shortcode .media-body p
font-weight: 400;
font-size: 14px;
line-height: 22px;
color: #171717B2;
margin-top: 4px;
text-align:left;
.article_register_shortcode .media-body
padding-right: 14px;
.article_register_shortcode .media-button a
float: right;
.article_register_shortcode .primary-button img
vertical-align: middle;
width: 20px;
margin: 0;
display: inline-block;
@media (min-width: 581px) and (max-width: 991px)
.article_register_shortcode .media-body p
margin-bottom: 0;
@media (max-width: 580px)
.article_register_shortcode
display: block;
padding: 20px;
.article_register_shortcode img
max-width: 50px;
.article_register_shortcode .media-body h5
font-size: 16px;
.article_register_shortcode .media-body
margin-left: 0px;
.article_register_shortcode .media-body p
font-size: 13px;
line-height: 20px;
margin-top: 6px;
margin-bottom: 14px;
.article_register_shortcode .media-button a
float: unset;
.article_register_shortcode .secondary-button
margin-bottom: 0;
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
.subscription-options li
display: none;
.research-report-subscribe
background-color: #0052CC;
padding: 12px 20px;
border-radius: 8px;
color: #fff;
font-weight: 500;
font-size: 14px;
width: 96%;
.research-report-subscribe img
vertical-align: sub;
margin-right: 2px;
var templateIds = “6”;
var listOfSubscribed = [];
function subscribed_popupmodal(template_id)
var templateId = ‘6’;
getAllSubscriberCategoryList([templateId]);
var subcribemodal = window.parent.document.getElementById(‘subscribe-modal-design’);
if (subcribemodal)
var modalContent = `
Never Miss a Beat in the Crypto World!
Stay informed and gain the edge you need to navigate the crypto world. Select your subscription now
`;
subcribemodal.innerHTML = modalContent;
subscribe_unsubscribe_status(template_id);
//getAllSubscriberCategoryList(template_id);
function toggleSubscription(subscription, template_id)
var subscriptionCheckbox = document.getElementById(subscription + ‘_’ + template_id);
var li = document.getElementById(subscription + ‘Selected_’ + template_id);
if (subscriptionCheckbox.checked)
li.classList.add(‘active’);
else
li.classList.remove(‘active’);
function getAllSubscriberCategoryList(getcategoryId) {
jQuery.ajax({
url: ‘https://coinpedia.org/wp-admin/admin-ajax.php’,
type: ‘GET’,
data:
action: ‘subscribe_api_ajax_request’,
apiurl: ‘/app/email_newsletter/list’,
,
success: function(response) {
var result = JSON.parse(response.message);
if (result.status === true)
var idstosubscribed = []
// Populate listOfSubscribed with subscribed category IDs
result.message.forEach(listofcategory =>
if (listofcategory.subscribe_status === 1)
if (!listOfSubscribed.includes(listofcategory._id))
listOfSubscribed.push(listofcategory._id);
if (!idstosubscribed.includes(listofcategory.news_cp_category_row_id))
idstosubscribed.push(listofcategory.news_cp_category_row_id);
);
idstosubscribed.forEach(id =>
var subscribeButton = document.getElementById(‘subscribe_’ + id);
var unsubscribeButton = document.getElementById(‘unsubscribe_’ + id);
if (subscribeButton && unsubscribeButton)
subscribeButton.style.display = ‘none’;
unsubscribeButton.style.display = ‘block’;
var showDownloadReport = document.getElementById(‘download_report’);
if (showDownloadReport)
showDownloadReport.style.display = ‘block’;
);
},
error: function(xhr, status, error)
console.error(‘Error:’, error);
});
}
function subscribe_unsubscribe_status(getcategoryId) {
var elementTounsubscribe = parent.document.getElementById(‘unsubscribe_’ + getcategoryId);
var elementTosubscribe = parent.document.getElementById(‘subscribe_’ + getcategoryId);
jQuery.ajax({
url: ‘https://coinpedia.org/wp-admin/admin-ajax.php’,
type: ‘POST’,
data:
action: ‘subscribe_api_ajax_request’,
apiurl: ‘/app/email_newsletter/list?category_row_id=’ + getcategoryId,
,
success: function(response) {
var result = JSON.parse(response.message);
if (result.status === true)
parent.jQuery(‘.skeliton-loader-block’).hide();
var hasSubscribeStatusOne = false;
result.message.forEach(subscribeStatus =>
if (listOfSubscribed.includes(subscribeStatus._id) && subscribeStatus.subscribe_status === 1)
hasSubscribeStatusOne = true;
if (subscribeStatus.notification_type === 3)
parent.document.getElementById(‘monthlySelected_’ + getcategoryId).style.display = ‘block’;
parent.document.getElementById(‘monthly_’ + getcategoryId).setAttribute(‘data-id’, subscribeStatus._id);
if (subscribeStatus.subscribe_status === 1)
parent.document.getElementById(‘monthly_’ + getcategoryId).checked = true;
else if (subscribeStatus.notification_type === 2)
parent.document.getElementById(‘weeklySelected_’ + getcategoryId).style.display = ‘block’;
parent.document.getElementById(‘weekly_’ + getcategoryId).setAttribute(‘data-id’, subscribeStatus._id);
if (subscribeStatus.subscribe_status === 1)
parent.document.getElementById(‘weekly_’ + getcategoryId).checked = true;
else if (subscribeStatus.notification_type === 1)
parent.document.getElementById(‘dailySelected_’ + getcategoryId).style.display = ‘block’;
parent.document.getElementById(‘daily_’ + getcategoryId).setAttribute(‘data-id’, subscribeStatus._id);
if (subscribeStatus.subscribe_status === 1)
parent.document.getElementById(‘daily_’ + getcategoryId).checked = true;
if (subscribeStatus.subscribe_status === 1)
listOfSubscribed.push(subscribeStatus._id);
);
if (hasSubscribeStatusOne)
elementTosubscribe.style.display = ‘none’;
elementTounsubscribe.style.display = ‘block’;
else
elementTosubscribe.style.display = ‘block’;
elementTounsubscribe.style.display = ‘none’;
},
error: function(xhr, status, error)
console.error(‘Error:’, error);
});
}
function logSelectedSubscriptions(categoryid) {
var unsubscribemodal = document.querySelector(‘.unsubscribed-popup-modal .modal’);
var subscribedmodal = document.querySelector(‘.subscribed-popup-modal .modal’);
unsubscribemodal.innerHTML=”;
subscribedmodal.innerHTML=”;
var selectedSubscriptions = [];
var storeCheckedId = [];
var checkboxes = document.querySelectorAll(‘#subscription-options-‘ + categoryid + ‘ input[type=”checkbox”]’);
var errorMessage = document.getElementById(‘error-message-select’);
// Use a Set to handle unique data-ids
var uniqueSubscribedIds = new Set(listOfSubscribed);
checkboxes.forEach(function(checkbox)
var dataId = parseInt(checkbox.getAttribute(‘data-id’));
if (checkbox.checked)
selectedSubscriptions.push(checkbox.id);
storeCheckedId.push(dataId);
else
uniqueSubscribedIds.delete(dataId); // Remove unchecked data-id
);
// Update listOfSubscribed with unique values
listOfSubscribed = Array.from(uniqueSubscribedIds);
var selectedSubscriptionsString = selectedSubscriptions.join(‘, ‘);
var concatinateSubscribeId = […new Set(storeCheckedId.concat(listOfSubscribed))];
var categoryData =
‘subscribed_categories’: concatinateSubscribeId
;
var requestSubscriberData =
action: ‘handle_dynamic_api_request_with_headers’,
security: ‘a85fa23c4c’,
endpoint: ‘/app/email_newsletter/update_categories’,
token: ”,
data: categoryData
;
jQuery.ajax({
url: ‘https://coinpedia.org/wp-admin/admin-ajax.php’,
type: ‘POST’,
data: requestSubscriberData,
beforeSend: function(xhr)
xhr.setRequestHeader(‘X-Requested-With’, ‘XMLHttpRequest’);
,
success: function(response)
try
response = response.data;
if (storeCheckedId.length === 0)
var unsubcribedPopUpmodal =
`
You’ve Unsubscribed Successfully
We’re sorry to see you go! Your subscription has been canceled. If you change your mind, you can re-subscribe anytime. Thank you for being part of our community!
`;
unsubscribemodal.innerHTML = unsubcribedPopUpmodal;
document.querySelector(‘#subscribe-modal-design .modal’).style.display = ‘none’;
unsubscribemodal.style.display = ‘block’;
unsubscribemodal.classList.remove(‘hide’);
unsubscribemodal.classList.add(‘show’);
document.getElementById(‘subscribe_’ + categoryid).style.display = ‘block’;
document.getElementById(‘unsubscribe_’ + categoryid).style.display = ‘none’;
var showDownloadReport = document.getElementById(‘download_report’);
if (showDownloadReport)
showDownloadReport.style.display = ‘none’;
else
var subscribedPopupModal =
`
Thank you for subscribing!
Thank you for subscribing to our crypto and blockchain newsletter! You’ll now receive the latest news, insights, and updates straight to your inbox. Welcome to our community!
`;
let selectedSubscriptionsArray = selectedSubscriptionsString.split(‘,’);
let subscribedCategories = selectedSubscriptionsArray.map(subscription => subscription.split(‘_’)[0]);
let subscribedCategoriesString = subscribedCategories.join(‘, ‘);
subscribedmodal.innerHTML = subscribedPopupModal;
if (document.getElementById(‘selectidname’))
document.getElementById(‘selectidname’).textContent = subscribedCategoriesString;
document.querySelector(‘#subscribe-modal-design .modal’).style.display = ‘none’;
subscribedmodal.style.display = ‘block’;
subscribedmodal.classList.remove(‘hide’);
subscribedmodal.classList.add(‘show’);
document.getElementById(‘subscribe_’ + categoryid).style.display = ‘none’;
document.getElementById(‘unsubscribe_’ + categoryid).style.display = ‘block’;
var showDownloadReport = document.getElementById(‘download_report’);
if (showDownloadReport)
showDownloadReport.style.display = ‘block’;
catch (e)
console.error(‘Error parsing response:’, e);
,
});
}
function closeModal(template_id)
var modalId = template_id;
var modal = document.querySelector(‘#’ + modalId); // Using querySelector to find the modal
if (modal)
modal.classList.add(‘hide’);
modal.classList.remove(‘show’);
setTimeout(function()
modal.style.display = ‘none’;
, 500);
else
console.warn(‘Modal not found:’, modalId);
function closeunsubscribemodal()
var unsubscribemodal = document.querySelector(‘.unsubscribed-popup-modal .modal’);
if (unsubscribemodal)
unsubscribemodal.classList.add(‘hide’);
unsubscribemodal.classList.remove(‘show’);
setTimeout(function()
unsubscribemodal.style.display = ‘none’;
, 500);
function closesubscribemodal()
var subscribedmodal = document.querySelector(‘.subscribed-popup-modal .modal’);
setTimeout(function()
subscribedmodal.style.display = ‘none’;
, 500);
if (subscribedmodal)
subscribedmodal.classList.add(‘hide’);
subscribedmodal.classList.remove(‘show’);
function withoutLoginClicked(withoutlogin_id)
localStorage.setItem(‘subscribe_without_Login’, ‘true’);
localStorage.setItem(‘subscribe_clicked_id’, withoutlogin_id);
document.addEventListener(‘DOMContentLoaded’, function()
const subscribewithoutData = localStorage.getItem(‘subscribe_without_Login’);
const subscribe_clicked_cat_id = localStorage.getItem(‘subscribe_clicked_id’);
// Function to get cookies
function getCookie(name)
let value = “; ” + document.cookie;
let parts = value.split(“; ” + name + “=”);
if (parts.length == 2) return parts.pop().split(“;”).shift();
// Get user token from cookies
const userToken = getCookie(‘user_token’);
if (subscribewithoutData === ‘true’ && userToken)
// Call the modal function with the category ID
subscribed_popupmodal(subscribe_clicked_cat_id);
// Remove the flag and category ID from localStorage
localStorage.removeItem(‘subscribe_without_Login’);
localStorage.removeItem(‘subscribe_clicked_id’);
);
/************************** update susbcriber content **************************** */
function initializeSubscriptionButton()
var initialListItems = document.querySelectorAll(‘.subscription-options input[type=”checkbox”]’);
initialListItems.forEach(function(item)
console.log(item.checked, ‘Initial Checkbox checked status’);
);
var listItems = document.querySelectorAll(‘.subscription-options li’);
if (listItems.length === 0) return;
var anyActive = false;
listItems.forEach(function(item)
var checkbox = item.querySelector(‘input[type=”checkbox”]’);
if (checkbox)
if (checkbox.checked)
item.classList.add(‘active’);
anyActive = true; // Set anyActive to true
else
item.classList.remove(‘active’); // Remove ‘active’ class if checkbox is unchecked
);
function updateButtonText(anyActive)
var subscribeButtonSpan = document.querySelector(‘.subscribe-submit .changeBtnText’);
if (subscribeButtonSpan)
if (anyActive)
subscribeButtonSpan.textContent=”Subscribe Now”;
else
subscribeButtonSpan.textContent=”Unsubscribe”;
function updateSubscriptionButton()
var listItems = document.querySelectorAll(‘.subscription-options li’);
if (listItems.length === 0) return;
var anyActive = false;
listItems.forEach(function(item)
var checkbox = item.querySelector(‘input[type=”checkbox”]’);
if (checkbox)
if (checkbox.checked)
item.classList.add(‘active’);
anyActive = true; // Set anyActive to true
else
item.classList.remove(‘active’); // Remove ‘active’ class if checkbox is unchecked
);
// Update the button text based on whether any list item has the ‘active’ class
updateButtonText(anyActive);
document.addEventListener(‘click’, function(event)
var clickedItem = event.target.closest(‘.subscription-options li’);
if (clickedItem)
var checkbox = clickedItem.querySelector(‘input[type=”checkbox”]’);
if (checkbox)
checkbox.checked = !checkbox.checked;
updateSubscriptionButton();
);
FAQs
A 36% drop from market panic, global conflicts, and sell pressure from upcoming token unlocks triggered the low.
Recovery is possible if support holds and price breaks $0.73; next target would be $1.05 based on Fibonacci levels.
Some investors view the drop as a discount buy, but risks remain due to bearish sentiment and large token unlocks.
Kaynak : CoinPedia