Pi Network (PI) Price Today: Cryptocurrency Recovers After Crashing 15%

In a big relief for Pi Network coin holders, the cryptocurrency recovered a bit in 24 hours after crashing over 15% last day.

The price of Pi Network (PI) coin recovered a bit in 24 hours after crashing over 15% last day. The cryptocurrency was trading at $1.15, up 3.13% in the past 24 hours at the time of writing.

However, the coin touched a low of $1.08 in the last 24 hours and a high of $1.21. The cryptocurrency was up 86.3% to its all-time low of $0.6152 and 61.5% lower to an all-time high of $2.98.

Meanwhile, its market cap surged 1.47% to $7.87B and 24-hour trading volume plunged 15.55% to $506.42M, showing a reduction in volatility compared to the previous day's volume.

The price of the Pi Network coin has fallen by more than 15% in the past day and It is now trading at around $1.14, down significantly from its all-time high of $2.99, which the coin hit in February.

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The primary trigger for this latest sell-off could be the recent massive token unlock. According to media reports, millions of Pi tokens are being released into circulation every day and this sudden influx of supply suppressed demand and drove down prices.

Another issue that has dogged the Pi Network is its failure to secure a Binance listing. Earlier this year, 86% of Binance users voted in favour of adding Pi to the exchange, raising hopes that the token would gain widespread adoption. But Binance has remained silent, and without a listing on a major exchange, liquidity is low.

Pi Network Coin In the Last 24 Hours

The Pi coin has traded between $1.08 to $1.21 in the last 24 hours, meaning it touched the 24-hour low at $1.08 and high at 24 hours high of $1.21. The cryptocurrency was up 86.3% to its all-time low of $0.6152 and 61.5% lower to an all-time high of $2.98.