Pi Coin hits $1.70 before crashing over 50% in sudden market reversal
By: tronweekly|2025/05/16 17:30:06
0
Share
Pi Coin surged to $1.70 on May 13 before crashing over 50% to $0.81 within two days due to heavy token unlocks flooding the market.Around 272.9 million tokens ($234.6M) will be unlocked over the next month, increasing selling pressure and challenging price recovery.Market cap dropped from $9B to $6B, pushing Pi Coin out of the top 20 cryptocurrencies, now ranked 29th globally.Pi Coin has experienced an intense week of market volatility, drawing attention from investors and analysts alike. On May 13, the token briefly surged to a monthly high of $1.70, only to crash by over 50% within two days, falling to $0.81. This sharp reversal has sparked concerns over short-term price stability, with experts warning that recovery will be challenging due to multiple resistance levels ahead.LMAO $PI really said “buy the rumor, dump the news.”Dropped 28% in 24hrs right after announcing a $100M fund (Pi Network Ventures) to support app dev on the network. You’d think bullish news = pump, right? Nah. This was textbook overbought euphoria.Price touched $1.53 off... pic.twitter.com/5H1SznWkjQ— BOB (@onlyone_bob) May 15, 2025The recent price drop is largely attributed to the ongoing unlocking of millions of PI tokens, which is injecting substantial supply into the market. According to data from Piscan, approximately 14.6 million tokens are being unlocked today alone. Over the next 30 days, a total of 272.9 million tokens, valued at $234.6 million, are scheduled for release, averaging 9.1 million tokens daily.The most significant unlock event is expected on May 28, when 15.1 million tokens will flood the market. This consistent influx is likely to increase selling pressure and suppress upward price momentum unless demand rises proportionately.Pi Coin Drops from Top 20 with 100M FundThe token’s rapid price correction has also led to a sharp decline in market capitalization, dropping from $9 billion to $6 billion. As a result, Pi Coin has fallen out of the top 20 cryptocurrencies, landing at 29th place globally. The fall reflects growing uncertainty around the project’s short-term trajectory, especially as investors weigh the impact of unlocks against the potential for ecosystem growth.To reinvigorate interest and utility, Pi Network recently announced a $100 million ecosystem development fund. The goal is to attract developers to build decentralized applications (dApps) on the Pi Network, thereby creating real-world use cases that could increase token utility and demand.This strategic move indicates the team’s long-term commitment to growing the ecosystem beyond speculative trading, a key step if Pi wants to maintain relevance in an increasingly competitive Web3 space.Pi Network Ends Central Node in Major Decentralization MoveIn a pivotal move toward decentralization, Pi Network has permanently shut down its central coordinating node. This marks a major milestone in the project’s evolution, as control now shifts to the broader network, reducing central authority and increasing community governance.Blockchain analyst Dr. Altcoin commented on the development, stating that this transition could boost confidence among crypto purists and decentralization advocates. However, he also cautioned that while the move is foundational, its effect on price may be gradual and dependent on broader adoption trends.Is Pi Network heading towards full decentralization?Pi Network’s central coordinating node was recently deactivated, and a test was conducted in preparation for full decentralization. It now appears to have been permanently deactivated, signaling full decentralization.... pic.twitter.com/fik4xDQngV— Dr Altcoin (@Dr_Picoin) May 15, 2025Technical indicators suggest a period of consolidation in the market. According to TradingView, the Relative Strength Index (RSI) currently stands at 53.55, indicating neutral momentum and suggesting that the asset is neither overbought nor oversold. Meanwhile, the MACD has shown a mild bullish crossover, hinting at the potential for upward momentum. However, this signal is not yet strong enough to confirm a breakout, reinforcing the view that the market may continue to consolidate in the near term.Experts note that without a major catalyst, such as a Binance or Coinbase listing, Pi Coin may struggle to regain the $1.50 to $1.70 range. However, if ecosystem development picks up and exchange listings materialize, some bullish forecasts see Pi aiming for $2.50 by Q4 2025.Related | Solana Price Targets $200 After Explosive Cup-Handle Breakout
You may also like

Pantera Capital: How has Crypto as a Service affected us?
If you are planning to start a business in 2026, my advice is simple: Instead of just talking about technology, focus more on how you can solve real-world problems.

Pantera Capital: What changes have we made when crypto is treated as a service?
If you are planning to start a business in 2026, my advice is simple: stop talking excessively about technology and focus more on the actual problems you can solve.

Wall Street Shorts ETH: Vitalik is aware and has front-run, while Tom Lee remains oblivious
"The Ethereum token economic model has collapsed, wake up and see this clearly."

Social Capital CEO: How Equity Tokenization is Reshaping Capital Markets from US Stocks to SpaceX?
Equity tokens represent the next challenge: can tokenization expand from payments to ownership of financial assets?

CoinGecko Report: Surge of 346% vs Dip of 20.8%, The Wild Rise of DEX
A large-scale capital migration driven by platforms such as Hyperliquid towards decentralized infrastructure from centralization.

a16z: The Real Opportunity of Stablecoins Lies Not in Disruption but in Filling Gaps
The opportunity for stablecoins lies with those merchants that have yet to emerge.

Mining Exodus: Someone Holds $12.8 Billion AI Order
Mining Farms are Turning to AI Hashpower with no Turning Back.

March 6 Market Key Intelligence, How Much Did You Miss?
1. On-chain Funds: $16.3M USD has flowed into the OP Mainnet today; $13.7M USD has flowed out of Arbitrum
2. Largest Price Swings: $XPT, $AIX
3. Top News: Vitalik Calls on Ethereum Community to Shift Mindset, Uphold Core Principles, and Rethink Application Design "From Scratch"

a16z: The True Opportunity of Stablecoins is in Complementing, Not Disrupting
The stablecoin opportunity lies with those merchants yet to come onboard.
Predict LALIGA Matches, Shoot Daily & Win BTC, USDT and WXT on WEEX
The WEEX × LALIGA campaign brought together football excitement and crypto participation through a dynamic interactive experience. During the event, users predicted matches, completed trading tasks, and took daily shots to compete for rewards including BTC, USDT, WXT, and exclusive prizes.

Ray Dalio Dialogue: Why I'm Betting on Gold and Not Bitcoin
Gold is the only asset with a long-term history that can be transferred, is not easily replicable, and does not rely on anyone else's promise. Most currencies, debts, stocks, etc., are just promises of someone honoring their purchasing power.

Who Took the Money in the AI Era? A Must-See Investment Checklist for HALO Asset Trading
A one-page paper listed a series of questions about the potential impact of AI progress. Looking back over two years later, these questions appear particularly prescient, although none of them provided a definitive answer at the time.

Wall Street Bears Target Ethereum: Vitalik In the Know Takes Flight, Tom Lee Remains Bullish
「The Ethereum Tokenomics Has Collapsed, Wake Up and Realize It」

Pump.fun Hacker Steals $2 Million, Receives 6-Year Prison Sentence, Opts for 'Self-Detonation'
Life of Talent, Paranoia, and Setbacks

6% Annual Percentage Yield as Musk Declares War on Traditional Banks
A black metal card, 600x rate delta.

36 years, 4 wars, 1 script: How does capital price the world in conflict?
When the cannon fires, 10,000 ounces of gold. In a turbulent era, the wealth choice of the common people.

Mining Companies' Great Migration: Some Have Already Secured $12.8 Billion in AI Orders
Mining companies turn to AI computing power, with no turning back.

What Is Vibe Coding? How AI Is Changing Web3 & Crypto Development
What is vibe coding? Learn how AI coding tools are lowering the barrier to Web3 development and enabling anyone to build crypto applications.
Pantera Capital: How has Crypto as a Service affected us?
If you are planning to start a business in 2026, my advice is simple: Instead of just talking about technology, focus more on how you can solve real-world problems.
Pantera Capital: What changes have we made when crypto is treated as a service?
If you are planning to start a business in 2026, my advice is simple: stop talking excessively about technology and focus more on the actual problems you can solve.
Wall Street Shorts ETH: Vitalik is aware and has front-run, while Tom Lee remains oblivious
"The Ethereum token economic model has collapsed, wake up and see this clearly."
Social Capital CEO: How Equity Tokenization is Reshaping Capital Markets from US Stocks to SpaceX?
Equity tokens represent the next challenge: can tokenization expand from payments to ownership of financial assets?
CoinGecko Report: Surge of 346% vs Dip of 20.8%, The Wild Rise of DEX
A large-scale capital migration driven by platforms such as Hyperliquid towards decentralized infrastructure from centralization.
a16z: The Real Opportunity of Stablecoins Lies Not in Disruption but in Filling Gaps
The opportunity for stablecoins lies with those merchants that have yet to emerge.