Pi Coin has undergone a significant market value fall, losing about 70% of its value compared to the peak. Approximately 105 million PI tokens worth about 85 million dollars will also be unlocked next month, which could also put pressure on the price.
Pi Coin has fallen significantly from its all-time high of $2.98 recorded last month and is currently trading at around $0.80. Investor sentiment remains bearish as this asset has lost about 70% of its value in just one month.
The market capitalization of Pi Coin is currently around 5.48 billion dollars, with a market cap of 0.203%, marking a significant decrease compared to its previous ranking, when this coin was among the top 15 cryptocurrencies.
The PI Network has continued the mainnet migration process by transitioning from phone-based verification to email-based Know Your Customer (KYC) verification. However, the biggest concern for investors is the upcoming mass token unlock. 105 million PI tokens will be unlocked in the next 30 days, with the largest one-day unlock scheduled for April 3rd, totaling 6.8 million tokens.
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