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The Pi network came under pressure with a price drop of more than 8%, reflecting broader pullbacks in the cryptocurrency market.
To the concern is added the fact that the opening of almost 480 million tokens is inevitable, which raises fears of increased selling pressure.
On March 17, the opening of the Pi coin will increase from the usual 8.94 million tokens per day to 23.13 million, with an estimated value of about 46.27 million dollars. Next month, about 268 million PI will be issued - it is estimated at an approximate value of up to 480 million dollars, which may affect the price.
The new tracker for Pi provides information about these slots, but does not take into account unissued codes.
Despite the concern, Pi Day (March 14) brings hope to the main messages, especially regarding stock listings.
Without official confirmations from the exchange, speculation may not be enough to ensure a sustainable recovery. As the opening date approaches, the market will be closely watched, with expectations of fluctuations unless major updates from Pi Day announcements appear.