Pi Network this week's price fell back about 37%, failing to break through the key resistance of $0.20. Supply-side pressure increased, including large-scale token unlocks and rising exchange reserves, while weak demand manifested as declining trading volume. In the short term, technical indicators are bearish, with $0.17 as the support level for bulls; if breached, it could potentially decline further to $0.15. Overall market sentiment is affected by geopolitical factors, and rallies require volume support.
Gate News reported that on March 25, GMX DAO announced on X platform that between March 18-24, it repurchased 18,500 GMX tokens for approximately $120,000, at an average price of approximately $6.49. Since launching the repurchase plan on March 5, GMX DAO has cumulatively repurchased 48,280 GMX tokens with a total investment of approximately $320,000 and a comprehensive average price of approximately $6.63.
Gate News reports that on March 25, Resolv Foundation announced that due to recent security incidents involving Resolv Labs' stablecoin USR, both the protocol and applications have been suspended. Season 4 airdrop claim functionality is temporarily unavailable, and staking and unstaking functions for RESOLV tokens are also temporarily unavailable. Once the protocol recovery plan is finalized and the application can be safely used again, these functions will be restored.
Bittensor subnet ecosystem is rapidly expanding, with TAO token staking increasing from $74,400 to $620 million, representing an 833,000% surge. The number of subnets has grown from 80 to 120, with market capitalization exceeding $1.5 billion, with some subnets performing exceptionally well. It is predicted that after market capitalization breaks through $1 billion, more staking will flow into subnets. TAO has recently shown continuous price increases, reaching new highs, and outperforming most cryptocurrencies.
Gate News report: On March 25, the Perle Foundation announced that it will launch the PRL token claim portal today (March 25) at 19:00. Previously, Perle completed a $9 million seed round of financing led by Framework Ventures.