Pi Coin price falls to a historic low: Can the major upgrade of App Studio withstand the unlocking wave of 1.2 billion Tokens?

Despite the developers announcing a major upgrade to App Studio aimed at promoting ecosystem growth, the price of Pi Network remains under pressure, trading at an ATL. Currently, the trading price of Pi coin is approximately $0.2040, down over 90% from its historical high, making it one of the worst-performing coins in the crypto market. The main reasons for the price slump include the sell pressure from the large unlocking of core tokens, severe liquidity shortages, and the issue of excessive centralization.

Pi Network faces historic sell-off pressure: price falls over 90%

Since the mainnet went live in February, the price of Pi Network Token has been in a state of “free fall”, with its technical charts showing it consistently below all moving averages and a significant shrinkage in trading volume.

· Current price slump: The price of Pi coin is currently around 0.2040 USD, having fallen more than 90% compared to its all-time high. This extreme decline has made it one of the worst performing assets in the current crypto market.

· Technical warning: Based on the daily chart analysis, these technical indicators suggest that the price of Pi coin may continue to fall in the coming weeks.

Efforts in Ecosystem Development: App Studio Major Upgrade

As prices remain sluggish, Pi Network developers are still actively promoting the infrastructure construction of the ecosystem, hoping to reverse the downturn by improving usability.

App Studio upgrade aims to improve the accessibility of application creation.

· Feature enhancement: Developers launched a major upgrade to App Studio last Friday. This upgrade aims to make application creation more convenient, more customizable, and better integrated into the Pi ecosystem.

· Cross-platform access: The new App Studio can now be accessed through the Pi desktop application, alongside core features such as mining applications and nodes.

· AI-assisted customization: The upgrade also introduces new features such as AI-assisted customization, significantly lowering the technical threshold for developers to build and deploy applications.

Other attempts to enhance ecological utility

· The discovery feature is integrated with Staking: The upgrade simultaneously enhances the application discovery capabilities and introduces Staking integration within the platform, aiming to build a more robust and practical ecosystem.

· DEX Testnet: Just a few weeks ago, Pi Network developers launched a decentralized exchange (DEX) and automated market maker (AMM) testnet, aimed at enabling developers to create DEX applications similar to Uniswap and PancakeSwap.

Pi coin's core dilemma: 1.2 billion tokens unlocking and liquidity crisis

Despite frequent actions in ecological construction, the price of Pi Network has not responded to these positive developments, likely due to the ongoing core structural issues.

A large unlock of core tokens has caused continuous sell pressure.

Amazing Unlocking Volume: The continuous unlocking of Pi Token is adding millions of Tokens to the market every day. Data shows that over the next 12 months, the network will unlock more than 1.2 billion Tokens. Such a massive unlocking volume has put significant selling pressure on the already fragile market Liquidity. After the price performance of Pi Coin has remained weak, traders have become polarized, with some choosing to sell Pi Coin and watch from the sidelines, while whale buying continues to absorb the chips, keeping market sentiment cautious.

Highly centralized and severely lacking in liquidity

· Liquidity crisis: The liquidity of Pi Network is very low, with daily trading volume still below 50 million USD. This is partly because most mainstream CEXs have not yet listed Pi coin.

· Centralization risk: Another key issue is the high centralization of Pi coin—the foundation holds over 90 billion Tokens, and this concentration has heightened the community's concerns about its level of decentralization.

Pi coin Technical Outlook: Falling Wedge Indicates Potential Bear Squeeze

Despite the general technical indicators pointing to a continued fall, a positive signal has appeared on the technical analysis charts.

· Falling Wedge: From the daily chart, Pi coin has formed a “Falling Wedge” pattern. This is a potential bullish reversal pattern, usually indicating that after a prolonged decline, a short squeeze may be triggered.

· Short-term potential rebound: If this pattern is validated, it may trigger a significant short-term rebound, forcing short sellers to cover their positions, bringing a temporary respite to the current state of free fall. If you wish to purchase Pi Coin without submitting identity verification, you can choose anonymous or KYC-free methods. Such transactions are usually completed through decentralized platforms, which offer high freedom, but care should be taken to ensure the credibility of the counterparty and the security of the platform.

Conclusion

Pi Network is striving to build a more practical ecosystem through initiatives such as upgrading the App Studio and testing the DEX testnet, but its price is still hampered by core issues such as insufficient liquidity, large-scale unlocking of Tokens, and high centralization. Although the “falling wedge” pattern appearing on the technical chart brings a glimmer of hope for a short-term rebound, Pi Network can only achieve true long-term price stability and sustained rise by addressing structural issues such as its Token distribution and liquidity.

Disclaimer: This article is for news information only and does not constitute any investment advice. The crypto market is highly volatile, and investors should make cautious decisions.