Pi Network’s Wild Ride: From Ashes to Almost Glory 🚀

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TL;DR

  • Pi Network’s token, having recently flirted with oblivion, has staged a comeback worthy of a telenovela, surging over 50% in a week. 🎭
  • Its daily double-digit gains have it flirting with the top 30 altcoins, though it’s still a far cry from its former glory. 💔

While the monthly chart resembles a sob story, with PI still down 60%, the shorter timeframes offer a glimmer of hope. Remember when it hit rock bottom at $0.407 on April 5? Ah, the good old days. 📉

But like a phoenix (or perhaps a particularly stubborn cockroach), it bounced back, soaring past $0.75 the very next day. Alas, its momentum was short-lived, as Trump’s Trade War-induced volatility sent it tumbling once more. 🎢

Yet, here we are, with PI emerging as one of the day’s top performers, trailing only BONK (because of course it’s BONK). Up 15%, it’s now trading near $0.7 again. 🐕

This resurgence has pushed its market cap to $4.7 billion, landing it in 31st place. Not bad, but let’s not forget it once nearly cracked the top 10, back when it was trading close to $3. Ah, nostalgia. 🥲

While today’s performance is undeniably bullish, there’s a storm brewing. A whopping 10 million tokens are set to unlock on April 18, which could unleash a tsunami of selling pressure. So, enjoy the ride while it lasts. 🌊

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2025-04-12 09:15