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The price of Pi Coin fell by 5% to $0.49 under selling pressure.



The price of Pi Coin has decreased by 5% and is currently $0.49. After the Pi2Day event on June 28, where the Pi App Studio was announced, interest in the coin has diminished. A further decline to $0.40 by August is forecasted. This is also related to the upcoming unlocking of 318 million Pi tokens next month.
Key points

The price movement after the event remains stable.
Historical trend: price drops have been observed after Pi2Day over the past three years.
The growing trading volume for the Pi/USD1 pair, reaching about 50% of the volume for Pi/USDT.
Wealth concentration: the top 100 holders own 96.37% of the total supply.
The current circulating supply is 7.6 billion out of 100 billion tokens.

The token distribution shows the dominance of a small group of holders. 15,316 people control 96 billion Pi tokens, worth approximately $48.60 billion.

Distribution of Pi Coin holders | Source: BsScan
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Ybaservip
· 07-01 13:20
Thanks for the your sharing
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