April 7, 2025
Broader Market Collapse
PI is currently trading at around $0.53, a 14% drop in 24 hours. Its market cap has also fallen below $4 billion, dropping it out of the top 30.
Source: CoinGecko
The price dip is likely due to a broader collapse in the digital asset market, worsened by the global trade tensions following President Trump’s new tariffs, which have triggered retaliatory actions from other nations like China.
Rising Concerns
Meanwhile, over 121 million PI tokens are set to be unlocked this month, adding to the circulating supply of 6.8 billion. With 75% of tokens still locked, concerns are rising over the potential impact on the price once they are released.
Finally, despite speculation, major exchanges like Binance and Coinbase have yet to list PI, and their support could boost liquidity and spark a price rally.
