Pi Network Price Drops: Will a Pi Coin Burn Reverse the Trend?

Pi Network Price Drops: Will a Pi Coin Burn Reverse the Trend?

The post Pi Network Price Drops: Will a Pi Coin Burn Reverse the Trend? appeared first on Coinpedia Fintech News

Pi Network’s price has been falling, largely due to upcoming token unlocks. Over 1.6 billion tokens, valued at $1.4 billion, will be unlocked in the next 12 months, increasing the circulating supply and diluting the value of existing tokens. While the team hasn’t confirmed a token burn, market rumors suggest it could happen soon. If paired with exchange listings and a Pi ETF, this could spark a price surge, potentially reaching $3.14.