PI Coin（PI）在2025年共识宣布的短暂集会后，跌落45％

PI Network（PI）目前的交易价格为0.6984美元，比最近的高点1.57美元下降了45％以上，而市值现在为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.

在经历了2025年共识的公告加剧的短暂集会之后，PI硬币（PI）下降了45％。技术指标和链上数据现在表明动量正在削弱，除非出现新的催化剂，否则前景仍然是看跌。

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

在短暂集会后，PI硬币下降了45％，技术指标显示动量减弱

在短暂集会后，PI硬币下降了45％，技术指标显示动量减弱

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）目前的交易价格为0.6984美元，比最近的1.57美元的高价下降了45％以上。加密货币的市值现在为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的市值从5月8日的4.5B美元飙升至5月13日的$ 8.8B的峰值，仅在五天内就几乎翻了一番。但是，到5月16日，它已降至5.1B美元，在短短三天内损失了超过$ 3.7B的价值。

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暂价格提高之后，这种急剧下降。

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年共识（5月13日至14日）上，PI透露，它将关闭其中央节点并推出1亿美元的PI Network Ventures Fund。这些公告以及与Chainlink的合作伙伴关系引发了一场短暂引起市场关注的集会。

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，购买力的速度与出现的速度一样迅速，而且价格降低到测试钥匙支持水平为0.68美元和0.59美元。这些是买家以前介入的重要价格区，等待新鲜的扳机再次移动价格。

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.

价格没有从山峰上降到范围，而是从峰值下降，现在正定居在买家以前进入市场的水平上。

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.

低于$ 0.59的跌至0.45美元。总体而言，除非我们看到PI恢复其EMA，否则对PI网络的分析仍然谨慎看跌。

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

PI链度指标显示钱包浓度和下降体积的变化

PI链度指标显示钱包浓度和下降体积的变化

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的链上数据以及Ben Armstrong在最新视频中进行的分析突出了PI的潜在转变和看跌的技术偏见。

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

5月12日的数量飙升至2.2B美元，然后在5月16日下降至5.88亿美元，表明淡出炒作周期。

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.

一致图表以持有人的排名显示钱包分布，表明到5月13日，前100个钱包的浓度从5月6日的98.76％急剧下降至14.76％，然后到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.

特别是5月13日，前10名持有人仅拥有1.31％，前50名持有人持有2.7％。这种戏剧性的转变反映了内部钱包的改组，而不是实际的零售分布。拉力赛期间的快速重新分布与看跌的技术指标相一致，表明主要持有人可能在炒作阶段正在获利。

Event-reactive sentiment keeps Pi Network volatile

事件反应性情感使PI网络挥发

事件反应性情感使PI网络挥发

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网络的45％集会和随后的陡峭校正是由短暂的炒作驱动的，尤其是在2025年共识期间（5月13日至14日）期间发表的公告。

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.

这反映了基于事件的情感如何使PI的价格更大，而不是基本进步。迅速的市值波动（短短三天内下降了3.7亿美元）揭示了对主要头条新闻的敏感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.

展望未来，主流激活或生态系统采用等潜在的催化剂可能会重新点燃PI硬币的兴趣。但是，在此之前，令牌可能会继续以投机性势头进行交易，而交易者应密切监视支持区域，以实现进一步的下行风险或救济反弹尝试。