The PI Token Rollercoaster: From Sky-High to Bottomed-Out!

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TL;DR

  • Almost 400 million PI tokens are on exchanges now, with more on the way. Get ready for a potential sell-off! 😱
  • PI’s thrilling ride up to $1.70 crashed down faster than a sugar rush when the $100M initiative dropped. Classic “buy the rumor, sell the news”! 🤑

PI’s Wild Climb and Plummet: A Tale of Tokens

Earlier today (May 19), our friend, the ever-optimistic MOON JEFF, dropped a bombshell: a whopping 400 million PI tokens are now up for grabs on exchanges! 🏦 With more tokens set to unlock in the next 24 hours, you can almost hear the sound of wallets preparing to pop open! 🎉

OKX is leading the charge, sitting pretty with over 117 million coins, while Bitget comes second with a mere 107.7 million. MOON JEFF also spilled the beans that this number might just keep climbing as the unlocks roll out. Hold onto your hats, folks—on May 19, over 7 million coins will be unleashed, and by the end of the month? Nearly 270 million PI will be floating around like confetti! 🎊

Mark your calendars for May 28—over 15 million tokens will be freed. That’s a lot of shiny coins bouncing around. But, alas, with great freedom comes great sell pressure. Looks like some folks might cash out faster than you can say “to the moon!” 🚀

Oh, and here’s a fun twist! The more coins flowing into exchanges, the more it looks like holders are preparing for a little payday. Just be careful though—unlocking these tokens might just flood the market with a tidal wave of selling pressure. 😬

What Happened to PI’s Price? Oh, That’s a Good One!

PI was the talk of the town between May 8 and May 12. Everyone thought a major announcement was coming, and of course, the internet buzzed with speculation. Was it Binance? A secret partnership? Everyone was on the edge of their seats! 🤯

Then came the big reveal—a $100 million investment initiative. Pi Network promised to help startups push the “real-adoption” of PI. But, alas, the moment the announcement hit, PI’s price dropped faster than a leaky balloon. 🎈 It had skyrocketed to $1.70, only to plummet back down like a bad soufflé, dropping to $0.65 in no time. Classic case of “buy the rumor, sell the news,” wouldn’t you say? 🍿

So where are we now? Well, PI’s limping back to around $0.72. That’s a 52% drop from last week. Ouch! But hey, it’s not all bad—there’s always next week… or the week after that… or the week after that… 😏

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2025-05-19 16:19