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Why is Pi Network Price Down Today?

2026-05-18 07:56:19

Story Highlights* Pi Network price dropped nearly 8% today as exchange supply surged to record levels ahead of the Protocol V23 deadline.

Around 540 million PI tokens now sit on exchanges, raising concerns over near-term sell pressure amid fresh token unlocks.
PI token has retested a major accumulation zone near $0.1400, increasing speculation of a short-term rebound.

PI-1.15%

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