Pi Coin Drops 10% to Below $0.35 After Recent Upgrade
Pi Coin Update
- Pi coin (#PI) is down 10%, trading below $0.35 after reaching a peak of $0.40.
- The recent price surge followed the Pi Network Linux Node update.
- September will be critical for price trajectory due to exchange deposits and token unlocks.
- Pi reserves on centralized exchanges (CEXs) reached over 420 million PI, indicating higher selling pressure.
- More than 164 million PI tokens are scheduled to unlock in September, potentially intensifying selling in a bearish market.
- Pi Network's accessibility increased with availability on Onramp Money in 60+ countries, allowing local currency purchases.
- Factors that could support Pi coin include Linux Node updates, KYC upgrades, and protocol improvements.
