Pi Coin Defies a Falling Crypto Market as Pi Network Overhauls Its App
Pi Network’s coin, PI, rose by greater than 3.5% over the previous 24 hours, outpacing a broader crypto market that misplaced practically 3%.
The rise got here as Pi Network started a design refresh of its mining app. The achieve provided transient reduction for a token that hit a document low days earlier. PI traded close to $0.078, although it stays down greater than 22% over the previous week.
Pi Network Price Bounces Off a Record Low
PI touched an all-time low close to $0.071 on July 14. The token has since recovered roughly 11% from that stage.
Even after the bounce, PI trades about 97% under its February 2025 peak close to $2.99. Its 30-day loss stands at roughly 42%.
Rising provide has weighed on the altcoin already stuck in a downtrend. About 10.9 billion PI flow into in opposition to a most of 100 billion, leaving room for additional dilution.
According to PiScan information, roughly 4.25 million PI unlock every day, price about $333,672 at present costs. That regular every day launch provides contemporary sell-side stress with every session.
Follow us on X to get the most recent information as it occurs
Pi Network Begins a Mining App Refresh
Pi Network redesigned the aspect menu and the app profile web page in its mining app, marking step one in a broader design refresh. The staff stated that the redesign lets Pioneers attain key account particulars and ecosystem instruments quicker.
The redesign lands ahead of Protocol v25, scheduled for July 22. The improve goals to enhance community stability and add privacy-preserving good contracts.
Whether the update push can offset supply-driven promoting stays the important thing check. The July 22 improve will present if utility gains start to translate into demand.
Subscribe to our YouTube channel to look at leaders and journalists present skilled insights
The publish Pi Coin Defies a Falling Crypto Market as Pi Network Overhauls Its App appeared first on BeInCrypto.
