The native token of Pi Network has declined sharply toward its February all-time low, dropping to $0.136 amid a broader market downturn. Despite recent project updates and the launch of new games for its users, the token faces significant selling pressure, exacerbated by an upcoming schedule of substantial token unlocks exceeding 10 million on several days.
The price of Pi Network‘s PI token has plunged 22% over the past month, dropping to $0.136. This decline brings it near the all-time low of $0.1312 recorded in February following multiple rejections at the $0.20 level.
A subsequent rally saw the token more than double in value by mid-March after its listing on Kraken. The price action then formed a sell-the-news event, leading to a crash below $0.18 and, recently, below $0.14.
Data from PiScan indicates an average daily token unlock of around 5.4 million for the next month. Several days, however, are scheduled for unlocks exceeding 10 million tokens, including one for 16 million, which could intensify immediate selling pressure.
Concurrently, CiDi Games, a Pi Network Ventures portfolio company, has released new games for Pioneers. The Core Team stated that “CiDi Games gives Pioneers new ways to use Pi through gaming, while also extending the Pi ecosystem with infrastructure that can support more games and developers over time.”
The newly available titles include Coin Whack, Fruit Stack, Gemnova, and RainbowCubes. Separately, the Pi Network Core Team recently announced the successful deployment of protocol update version 23.
