PI Coin（PI）在2025年共識宣布的短暫集會後，跌落45％

PI Network（PI）目前的交易價格為0.6984美元，比最近的高點1.57美元下降了45％以上，而市值現在為5.0B美元。

Pi Coin (PI) has dropped 45% after a brief rally that was fueled by Consensus 2025 announcements. The technical indicators and on-chain data are now showing that the momentum is weakening, and the outlook remains bearish unless new catalysts emerge.

在經歷了2025年共識的公告加劇的短暫集會之後，PI硬幣（PI）下降了45％。技術指標和鏈上數據現在表明動量正在削弱，除非出現新的催化劑，否則前景仍然是看跌。

Pi Coin drops 45% after brief rally, technical indicators show momentum waning

在短暫集會後，PI硬幣下降了45％，技術指標顯示動量減弱

在短暫集會後，PI硬幣下降了45％，技術指標顯示動量減弱

Pi Network (PI) is currently trading at $0.6984, down over 45% from its recent high of $1.57 reached on May 13. The cryptocurrency’s market cap now stands at $5.1B.

PI Network（PI）目前的交易價格為0.6984美元，比最近的1.57美元的高價下降了45％以上。加密貨幣的市值現在為5.1B美元。

For context, Pi’s market cap had soared from $4.5B on May 8 to a peak of $8.8B by May 13, almost doubling in just five days. However, by May 16, it had dropped back to $5.1B, losing over $3.7B in value in just three days.

在上下文中，PI的市值從5月8日的4.5B美元飆升至5月13日的$ 8.8B的峰值，僅在五天內就幾乎翻了一番。但是，到5月16日，它已降至5.1B美元，在短短三天內損失了超過$ 3.7B的價值。

This sharp decline came after a short-lived price boost caused by major announcements from Pi Network.

在PI Network的重大公告引起的短暫價格提高之後，這種急劇下降。

At Consensus 2025 (May 13–14), Pi revealed that it would be shutting down its central node and launching a $100M Pi Network Ventures fund. These announcements, along with a partnership with Chainlink, sparked a rally that briefly caught market attention.

在2025年共識（5月13日至14日）上，PI透露，它將關閉其中央節點並推出1億美元的PI Network Ventures Fund。這些公告以及與Chainlink的合作夥伴關係引發了一場短暫引起市場關注的集會。

However, buying power faded just as quickly as it had emerged, and the price dropped back to test key support levels at $0.68 and $0.59. These were important price zones where buyers had previously stepped in, waiting for a fresh trigger to move the price again.

但是，購買力的速度與出現的速度一樣迅速，而且價格降低到測試鑰匙支持水平為0.68美元和0.59美元。這些是買家以前介入的重要價格區，等待新鮮的扳機再次移動價格。

Instead of moving sideways in a range, the price has dropped from the peak and is now settling at the levels where buyers had previously entered the market.

價格沒有從山峰上降到範圍，而是從峰值下降，現在正定居在買家以前進入市場的水平上。

A fall below $0.59 could open the way to $0.45. Overall, the analysis of the PI network remains cautiously bearish unless we see Pi reclaiming its EMAs with strong volume.

低於$ 0.59的跌至0.45美元。總體而言，除非我們看到PI恢復其EMA，否則對PI網絡的分析仍然謹慎看跌。

Pi on-chain metrics show shift in wallet concentration and dropping volume

PI鏈度指標顯示錢包濃度和下降體積的變化

PI鏈度指標顯示錢包濃度和下降體積的變化

On-chain data from CoinCarp and the analysis by Ben Armstrong in his latest video highlight a potential shift in hype and a bearish technical bias for Pi.

CONCARP的鏈上數據以及Ben Armstrong在最新視頻中進行的分析突出了PI的潛在轉變和看跌的技術偏見。

Volume surged to $2.2B on May 12, then dropped to $588M by May 16, suggesting a fading hype cycle.

5月12日的數量飆升至2.2B美元，然後在5月16日下降至5.88億美元，表明淡出炒作週期。

The CoinCarp chart, which displays wallet distribution by holder ranks, shows that the Top 100 wallet concentration dropped sharply from 98.76% on May 6 to 14.76% by May 13, before settling under 5% by May 16.

一致圖表以持有人的排名顯示錢包分佈，表明到5月13日，前100個錢包的濃度從5月6日的98.76％急劇下降至14.76％，然後到5月16日降至5％。

On May 13 specifically, the top 10 holders owned just 1.31%, and the top 50 held 2.7%. This dramatic shift reflects internal wallet reshuffling rather than actual retail distribution. The rapid redistribution during the rally aligns with the bearish technical indicators, showing that major holders might have been taking profits during the hype phase.

特別是5月13日，前10名持有人僅擁有1.31％，前50名持有人持有2.7％。這種戲劇性的轉變反映了內部錢包的改組，而不是實際的零售分佈。拉力賽期間的快速重新分佈與看跌的技術指標相一致，表明主要持有人可能在炒作階段正在獲利。

Event-reactive sentiment keeps Pi Network volatile

事件反應性情感使PI網絡揮發

事件反應性情感使PI網絡揮發

Pi Network’s 45% rally and the subsequent steep correction were driven by short-lived hype, notably from announcements made during Consensus 2025 (May 13–14).

PI網絡的45％集會和隨後的陡峭校正是由短暫的炒作驅動的，尤其是在2025年共識期間（5月13日至14日）期間發表的公告。

This reflects how event-based sentiment still drives Pi’s price more than fundamental progress. The rapid market cap swing — a $3.7B decline in just three days — reveals how sensitive Pi remains to major headlines.

這反映了基於事件的情感如何使PI的價格更大，而不是基本進步。迅速的市值波動（短短三天內下降了3.7億美元）揭示了對主要頭條新聞的敏感PI仍然是如何敏感的。

Going forward, potential catalysts such as a mainnet activation or ecosystem adoption could reignite interest in Pi Coin. However, until then, the token is likely to continue trading on speculative momentum, and traders should monitor support zones closely for further downside risk or relief bounce attempts.

展望未來，主流激活或生態系統採用等潛在的催化劑可能會重新點燃PI硬幣的興趣。但是，在此之前，令牌可能會繼續以投機性勢頭進行交易，而交易者應密切監視支持區域，以實現進一步的下行風險或救濟反彈嘗試。