The post Why is Pi Network Price Down Today? appeared first on Coinpedia Fintech News
Pi Network price down nearly 8% today as traders react to rising exchange supply and growing concerns around token unlocks. While the upcoming Protocol V23 upgrade continues fueling optimism around Pi’s ecosystem development, short-term sentiment has turned cautious. The latest decline has pushed PI back toward a major accumulation zone near $0.1400, an area that historically attracted buyers.
With price now retesting a key support level, traders are closely watching whether this correction is nearing exhaustion, or if more downside still lies ahead.
Rising Exchange Supply Fuels PI Selling Pressure
One of the biggest reasons behind Pi Network’s latest price weakness is the sharp increase in exchange-held supply. Recent market data shows nearly 540 million PI tokens are now sitting on centralized exchanges, marking the largest exchange-held supply since Pi Network’s open mainnet la
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