Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
As of May 17, 2025, Pi Network (PI) is experiencing significant volatility, with its price declining by approximately 15.98% in the past 24 hours to around $0.74 USD. The intraday high and low were $0.945 and $0.722, respectively.
---
📊 Market Overview
Current Price: ~$0.74 USD
24-Hour Change: -15.98%
Market Cap: Approximately $5.04 billion USD
24-Hour Trading Volume: Around $736.79 million USD
Circulating Supply: 6.79 billion PI (7% of total supply)
All-Time High: $2.98 on February 26, 2025
All-Time Low: $0.4069 on April 5, 2025
---
📉 Recent Developments
The recent decline in PI's price is attributed to several factors:
Ecosystem Fund Launch: The Pi Foundation's announcement of a $100 million ecosystem fund was met with investor skepticism, leading to a price drop.
Token Unlock Concerns: The unlocking of 255 million PI tokens raised fears of increased supply and potential dilution, contributing to the bearish sentiment.
Technical Weakness: PI breached key support levels, notably falling below $0.90, which has intensified selling pressure.
---
🔮 Outlook
Despite the recent downturn, some analysts suggest that PI may find support around the $0.70 level. However, the market remains cautious, and further declines could occur if negative sentiment persists.
---
⚠️ Considerations
Volatility: PI has exhibited high volatility, with significant price swings in short periods.
Market Sentiment: Investor confidence has been shaken by recent events, and recovery may depend on positive developments or announcements.
Liquidity: While trading volume remains substantial, rapid price changes could affect liquidity and trading conditions.