Pi Coin's Wild Ride: AI Hype, $0.40 Crash & Trump-Linked Stablecoins?

Pi Coin faces selling pressure despite Pi2Day AI announcements. Experts predict a crash to $0.40 by August. Is USD1 stablecoin the next big thing?

Pi Coin's Wild Ride: AI Hype, $0.40 Crash & Trump-Linked Stablecoins?

Pi Coin's been on a rollercoaster! Despite the buzz around Pi2Day and their AI-powered App Studio, the price is tanking. Are we headed for a crash to $0.40, and what's the deal with this Trump-linked stablecoin?

Pi Coin: From Pi2Day to Price Decay

Remember all the excitement surrounding Pi2Day on June 28th? Pi Network unveiled Pi App Studio, an AI-driven no-code platform, and Ecosystem Directory Staking. But the party didn't last. The price of Pi Coin has been sliding ever since. Dr. Altcoin (@Dr_Picoin) even predicted this, suggesting the price will hover around $0.40 until the end of August before a gradual rise.

Turns out, this isn't the first time Pi2Day has been a 'sell-the-news' event. Apparently, it's a three-year trend! Ouch.

Crash $0.4 Incoming?

The short-term outlook isn't pretty. Experts see a bearish trend for the first week of July, fueled by post-Pi2Day disappointment and technical breakdowns. CoinCodex's predictive data suggests a dip to $0.4132 by July 4th, and potentially even lower. Unless Pi Network pulls a rabbit out of its hat with new exchange listings or real-world utility, the slide could continue.

USD1: The Trump-Linked Stablecoin Player?

Here's where things get interesting. Dr. Altcoin also pointed out that Pi Coin trading with USD1 stablecoin is gaining serious traction. MEXC's Pi/USD1 trading volume is nearly 50% of the Pi/USDT pair! USD1, owned by World Liberty Financial, is reportedly under substantial control of the Trump family. Only a handful of cryptos, including Bitcoin, Ethereum, XRP, Solana, and Pi, have trading pairs with USD1. Is this the start of something big?

Whale Alert: Pi Coin's Concentrated Wealth

Digging deeper, the distribution of Pi Coin is heavily skewed. A mere 15,316 holders control a whopping 96 billion Pi tokens, valued at around $48.60 billion. That's a lot of power in the hands of a few! This concentration could influence market movements and overall ecosystem health.

The Bottom Line

Pi Coin is facing headwinds. The initial hype around Pi2Day faded fast, and the price is struggling. Whether it bounces back or crashes further remains to be seen. And keep an eye on that USD1 stablecoin – it could be a game-changer.

So, is Pi Coin going to the moon, or is it headed for a crash landing? Only time will tell. But hey, at least we've got some drama to keep things interesting! Don't forget to buckle up!