cryptd.in

Alternatiivne LinkedIn krüptosõbralike talentide jaoks

Another Day, Another ATL for Pi Network’s PI: Who Is Selling?

-

poolt

cryptd.in
aadressil

TL;DR

  • Pi Network’s native token can’t catch a break as the asset has marked another double-digit price plunge in the past 24 hours to a fresh all-time low.
  • This has prompted project proponents and analysts to ask who is selling at such adverse times for the underlying asset’s price.
PI Token Price. Source: CoinGecko
PI Token Price. Source: CoinGecko

It’s safe to say that the past few days have been quite painful for the entire cryptocurrency industry, with more than $250 billion evaporating from the total market cap. Bitcoin’s price tumbled to multi-week lows of under $113,000, while many altcoins have crashed by 5-10%.

However, Pi Network’s native token has taken this correction even worse. Pi has slumped by 16% in the past day alone, and more than 30% monthly. As a result, it plunged to a new all-time low today at $0.34 (on CoinGecko), which broke the previous anti-record from yesterday. On some exchanges, the price slump was even more profound, prompting analysts like Moon Jeff to ask who is selling at such low levels.

This price crash occurred after a massive token unlock period for Pi, in which the total daily number of freed coins frequently exceeded 10 million. Data from PiScan shows that there could be some relief in the near future.

The token unlocks are set to be reduced in the next month, as only two days will see more than 7.5 million coins released. The average for the next month will be at 5.3 million, which is a lot fewer than the 7+ million in June and July.

This could reduce the immediate selling pressure for Pi and perhaps stop the freefalls, at least for the time being.

PI Token Unlock Schedule. Source: Piscan
PI Token Unlock Schedule. Source: Piscan

Postitus Another Day, Another ATL for Pi Network’s PI: Who Is Selling? ilmus esimesena veebilehel CryptoPotato.

Kommentaarid

Lisa kommentaar

Sinu e-postiaadressi ei avaldata. Nõutavad väljad on tähistatud *-ga

Viimane söötmine

Populaarsed kategooriad

et Eesti
et Eesti en_US English ro_RO Română ko_KR 한국어 ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

Otsi veebisait

Populaarsed lood

Sildid

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #Bitcoin (370) #BitcoinETF (3) #BitcoinFundamentaalid (1) #BitcoinHandling (1) #BitcoinHind (5) #BitcoinPriceLevel (1) #BitcoinPump (1) #BitcoinReserve (1) #BitcoinSurge (1) #BitcoinTop (1) #Bitfinex (1) #Bitwise (1) #BracebridgeCapital (1) #BRC20Tokens (1) #BTC omandamine (1) #BullishPrognoos (1) #BullishSentiment (1) #ChineseMining (1) #CPIPreview (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPrognoosid (1) #Crüptoregulatsioon (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTipps (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (64) #DogecoinGains (1) #DogecoinVolume (1) 1TP5Hollandi kohus (2) #ECommerce (1) #ElSalvadorBitcoin (1) #Ethereum (62) #EthereumPain (1) #EthereumHind (1) #ExpertOpinion (1) #FedRateCut (1) #FiatCurrency (1) 1TP5Finantsmõju (1) #FinantsPrivaatsus (1) #FirmShutdown (1) #FrozenAccounts (külmutatud kontod) (1) #IllicitFunds (1) #InflationData (1) 1TP5Investeering (1) 1TP5InvesteeringuteKahjum (1) #JaapaniFirma (1) #LegalAction (1) #Juriidiline mõju (1) #Seadusandlus (1) #LightningNetwork (1) #Muruanalüüs (3) #MarketMonitoring (1) #MarketPrognoos (1) #MarketPrognoosid (1) #MarketProjection (1) #MarketSupport (1) #MarketVolatiilsus (1) #MVahetus (1) #MemeCoin (5) #MemeCoins (2) #MinerProfitability (1) 1TP5Rahapesu (2) #MtGox (3) #NorthKoreaCrypto (1) #NovogratzPrognoos (1) 1TP5HindMilestone (1) 1TP5Hinnaprognoos (2) 1TP5HindKüsimus (1) 1TP5Hindade tõus (1) #PrisonSentence (1) #QuantAnalysis (1) 1TP5Regulatiivne surve (1) #SECAntiCrypto (1) #ShibaInu (5) #SocialBuzz (1) #TechnicalAnalysis (tehniline analüüs) (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) #TornadoCashDeveloper (1) #UKCrypto (1) #UpsidePotentsiaal (1) #USKongress (1) #WyomingLand (1) #XRHind (1) #XRPupswing (1)

Kasulikud lingid

Lingid, mida ma leidsin kasulikuks ja tahtsin jagada.