{"id":17873,"date":"2025-03-18T23:43:00","date_gmt":"2025-03-18T23:43:00","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=17873"},"modified":"2025-03-18T23:43:00","modified_gmt":"2025-03-18T23:43:00","slug":"pi-network-sinks-18-as-some-traders-rotate-into-solaxy-presale","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=17873","title":{"rendered":"Pi Network Sinks 18% as Some Traders Rotate Into Solaxy Presale"},"content":{"rendered":"
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Pi Network (PI) just took an 18% hit, and some traders aren\u2019t sticking around to see if it recovers.<\/p>\n

Instead, they\u2019re rotating into the Solaxy (SOLX) presale, drawn in by its promise of faster transactions and lower fees on Solana.<\/p>\n

But is this a smart move or just another case of chasing hype?<\/p>\n

Pi Network Slides to $1.12 \u2013 Is There Any Hope for a Rebound?<\/h2>\n

Pi Network is currently facing some big challenges.<\/p>\n

The token is now hovering around $1.12<\/a> \u2013 its lowest price since February 22.<\/p>\n

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It\u2019s also broken below key support at $1.25, a level that had held up on two previous occasions, suggesting that sellers are firmly in control.<\/p>\n

With PI now down 62% from its all-time high on February 26, its market cap has shrunk to $7.7 billion, and there\u2019s little sign of a reversal.<\/p>\n

Spot trading volumes remain high, but that\u2019s likely due to traders offloading rather than buying the dip.<\/p>\n

Plus, PI\u2019s technicals remain weak.<\/p>\n

PI is stuck in a descending channel on the 4-hour chart, reinforcing the bearish trend.<\/p>\n

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Open interest is also down 9%<\/a> in the past day, meaning that even leveraged traders are pulling back.<\/p>\n

All of these factors point to bears having the upper hand, and unless buyers step in soon, the downtrend could drag on into April.<\/p>\n

Why Pi Network Is Crashing \u2013 The Key Factors Driving the Sell-Off<\/h2>\n

Pi Network\u2019s sell-off isn\u2019t random \u2013 it\u2019s driven by several factors that have traders heading for the exits.<\/p>\n

One of the biggest drivers is the recent wave of token unlocks<\/a>, which have flooded the market with new supply.<\/p>\n

More tokens in circulation usually means lower prices, especially if demand isn\u2019t strong enough to absorb the extra selling pressure.<\/p>\n

And right now, demand doesn\u2019t seem to be keeping up.<\/p>\n

The recent KYC deadline on March 14 has only added to the uncertainty.<\/p>\n

Miners who failed to complete verification may have lost access to their tokens or been locked out of the mainnet migration, triggering panic selling.<\/p>\n

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Meanwhile, Pi Network\u2019s failure to secure a Binance listing \u2013 despite strong support \u2013 has further shaken confidence.<\/p>\n

And let\u2019s not forget the early adopters who mined PI for years; many are likely choosing to take profits now.<\/p>\n

With selling pressure ramping up and no immediate catalysts for a rebound, traders are understandably pessimistic about Pi Network\u2019s prospects.<\/p>\n

It\u2019s another example of how even a project with a passionate community can stumble under the weight of supply shocks and unmet expectations.<\/p>\n

Solaxy Layer-2 Gains Momentum as Traders Hunt for the Next Big Opportunity<\/h2>\n

For traders rotating out of Pi Network, Solaxy<\/a> presents a different kind of opportunity \u2013 one rooted in solving real issues in the blockchain space.<\/p>\n

As Solana\u2019s first Layer-2 scaling solution, Solaxy aims to fix the network congestion and transaction failures that have hampered Solana users, especially during meme coin frenzies.<\/p>\n

The project is gaining traction quickly, having already raised $26.8 million in its presale, which shows strong investor confidence.<\/p>\n

Solaxy\u2019s setup is relatively simple.<\/p>\n

It processes transactions off-chain and settles them back onto Solana in batches, similar to how Ethereum\u2019s Arbitrum and Optimism operate.<\/p>\n<\/p>\n