{"id":18543,"date":"2025-03-21T21:00:25","date_gmt":"2025-03-21T21:00:25","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=18543"},"modified":"2025-03-21T21:00:25","modified_gmt":"2025-03-21T21:00:25","slug":"pi-tanks-another-25-as-traders-dump-and-some-whales-eye-solaxy","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=18543","title":{"rendered":"PI Tanks Another 25% as Traders Dump and Some Whales Eye Solaxy"},"content":{"rendered":"
\n

Pi Network (PI) is crashing again, with PI\u2019s price dropping another 25%, leaving many wondering if the mobile mining dream is finally dead.<\/p>\n

Early investors are bailing as the token keeps tanking.<\/p>\n

Meanwhile, some whales are wasting no time and are pouring money into Solaxy (SOLX) instead \u2013 betting on its Solana scaling solution as the next big thing.<\/p>\n

Pi Network Crashes and Hits Lowest Level Since Launch<\/h2>\n

Pi Network, founded by Stanford graduates, lets anyone mine tokens from their phone with just a daily tap.<\/p>\n

This project had enormous buzz back in early February, but things aren\u2019t looking so great now.<\/p>\n

\"\"<\/a><\/p>\n

Its native PI token has crashed to $0.86<\/a>, causing its market cap to shrink to just $5.9 billion.<\/p>\n

Trading volumes jumped 66% in the last day, but that\u2019s likely due to investors cashing out while they can.<\/p>\n

PI is now sitting at its lowest price since February 22 \u2013 and is on track to rack up its eighth red day out of the last nine.<\/p>\n

What\u2019s especially concerning is that there\u2019s no bottom in sight.<\/p>\n

\"\"<\/a><\/p>\n

Despite all those millions of \u201cPioneers\u201d tapping the mine button every day, the market seems to be sending a clear message: the Pi Network experiment might be over.<\/p>\n

Why Pi Network is Tanking \u2013 Token Unlocks and Exchange Issues Explained<\/h2>\n

But why is Pi Network tanking so hard right now?<\/p>\n

There\u2019s not one reason, but rather several negative factors hitting all at once.<\/p>\n

The biggest problem is the token unlocks in the next 30 days \u2013 around 124 million PI<\/a> (worth approximately $108 million) flooding an already shaky market.<\/p>\n

That\u2019s a ton of new supply with nowhere to go but down.<\/p>\n

Then there\u2019s the exchange problem.<\/p>\n

Big exchanges like Binance still haven\u2019t listed PI, even after years of hype from the team and community.<\/p>\n

\"\"<\/a><\/p>\n

Without these big exchange listings, there\u2019s not enough liquidity or new buyers to absorb all the selling pressure.<\/p>\n

The silence from Pi Network\u2019s team isn\u2019t helping either.<\/p>\n

Their communication has been spotty at best, leaving investors guessing and coming up with different theories.<\/p>\n

So, is Pi Network officially dead?<\/p>\n

Crypto has seen plenty of projects bounce back from the brink, so it might be too early to write PI off completely.<\/p>\n

But to survive, it desperately needs either a high-profile exchange listing or some genuine utility beyond its mining gimmick \u2013 and fast.<\/p>\n

Whales Abandon PI for Solaxy as Large SOLX Purchases Signal Growing Interest in New Layer-2<\/h2>\n

While Pi Network struggles, smart money is flowing elsewhere.<\/p>\n

Specifically, there\u2019s growing evidence that whale investors are quietly positioning themselves in Solaxy<\/a>, Solana\u2019s first Layer-2 scaling solution.<\/p>\n

Just yesterday, Etherscan data<\/a> showed a whale purchasing 8.6 million SOLX tokens \u2013 approximately $14,300 worth \u2013 in the ongoing presale.<\/p>\n

This isn\u2019t an isolated event either \u2013 several other large purchases have been spotted in the past week, suggesting that high-net-worth investors are getting in early.<\/p>\n

\"\"<\/a><\/p>\n

Why the rotation from projects like Pi Network to Solaxy?<\/p>\n

The answer likely lies in utility and timing.<\/p>\n

While Pi Network hasn\u2019t delivered on its promises beyond the mobile mining aspect, Solaxy<\/a> tackles a real problem \u2013 Solana\u2019s congestion issues \u2013 with a Layer-2 scaling solution that processes transactions off-chain.<\/p>\n

Solaxy\u2019s interoperability with Ethereum is another big draw, essentially offering the best of both blockchains.<\/p>\n<\/p>\n