Why May Could Bring Mayhem for Pi Network: $139M Token Dump Coming — Will Pi Coin Slip Below $0.50?

The Pi Network, a mobile-based cryptocurrency project, is expected to face a rocky road in May as a large number of its tokens are set to be released into circulation. According to data from PiScan, around 234 million PI tokens worth approximately $139 million will be unlocked this month — a move that could push prices down due to increased supply.

At the time of writing, Pi Coin trades at around $0.59, having fallen 3% in the last 24 hours. Trading volumes have dropped by 50%, signalling lower buyer interest and a possible continuation of the current bearish trend.

Pi Network started as a project that lets users "mine" cryptocurrency on their phones without draining battery or data. While it's not yet fully launched on major exchanges, it has gained a loyal community due to its easy mining process and user-friendly app.

The main concern is the scheduled unlocking of 234 million tokens in May. When more tokens enter the market, the supply increases, which usually pulls prices down unless there is enough demand to match it. Last month, a similar token release caused a spike in selling pressure, dragging the price lower.

To make things tougher, the mining rate of Pi also increased by 2% in May. That means even more new tokens are entering the market, adding to the risk of oversupply and further price drops.

However, not everyone is pessimistic. A crypto analyst known as Dr Altcoin said the Pi Core Team (PCT) is actively working to manage the impact. “The PCT seems to have solid plans in place and has been absorbing as much Pi from centralized exchanges as possible — helping to maintain the price above $0.50,” he said.

Still, with rising supply and lukewarm market interest, May may prove to be a challenging month for Pi Coin holders, especially those hoping for a quick recovery.

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