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#PI
An expert believes that the price of PI could plummet to 0.2$ if the price spiral creates an avalanche effect when 129 million tokens are released.
"The price of Pi Network has dropped sharply by 17% in a day, causing investors to panic. The sudden decline surrounds the unlocking of 129 million Pi tokens worth 175 million dollars, expected to flood the market with additional supply, potentially pushing prices lower. Despite having a strong community and initial interest, Pi Coin is facing greater difficulties, with growing distrust and concerns about the project's future."
An expert believes that when 129 million tokens are released, the price could drop to $0.2, creating a lava effect.
"The Pi Network price experienced a sharp drop of 17% in one day, causing panic among investors. The sudden drop caused by the unlocking of 129 million Pi tokens, valued at an expected $175 million, flooded the market with additional supply during the Bull Run 🐂Bull Run 🐂