{"id":22151,"date":"2025-04-15T12:02:22","date_gmt":"2025-04-15T12:02:22","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=22151"},"modified":"2025-04-15T12:02:22","modified_gmt":"2025-04-15T12:02:22","slug":"pi-network-pi-plunges-12-in-just-1-hour-whats-going-on","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=22151","title":{"rendered":"Pi Network (PI) Plunges 12% in Just 1 Hour \u2013 What\u2019s Going On?"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">PI dropped by double digits in an hour as major token unlocks began.<\/span><\/li>\n<li>Despite the dip, some analysts remain optimistic, with one X user predicting a potential surge to $5.<\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/PI_CB-13.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-392453\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/PI_CB-13.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/PI_CB-13.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/PI_CB-13-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/PI_CB-13-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/PI_CB-13-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/PI_CB-13-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/span><\/p>\n<p>The native token of Pi Network <a href=\"https:\/\/cryptopotato.com\/pi-network-price-on-fire-15-daily-surge-pushes-pi-toward-top-30-altcoins\/\" data-wpel-link=\"internal\">witnessed<\/a> a substantial resurgence towards the end of last week, with its price rising to $0.77. <span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> represented a whopping 92% increase compared to the all-time low of $0.40 observed at the beginning of April.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">PI started the new business week on the right foot, hovering close to $0.75. Just over an hour ago, though, the bears stepped in again, and the price collapsed by nearly 12% to as low as $0.63. <\/span><span data-preserver-spaces=\"true\">In the <\/span><span data-preserver-spaces=\"true\">next<\/span><span data-preserver-spaces=\"true\"> minutes,<\/span><span data-preserver-spaces=\"true\"> there was a slight rebound, and currently, PI trades at around $0.67.<\/span><span data-preserver-spaces=\"true\"><br \/>\n<\/span><\/p>\n<figure id=\"attachment_392450\" aria-describedby=\"caption-attachment-392450\" style=\"width: 566px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/PI-Price-4.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-392450\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/PI-Price-4.png\" alt=\"PI Price\" width=\"566\" height=\"400\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/PI-Price-4.png 1040w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/PI-Price-4-300x212.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/PI-Price-4-1024x724.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/PI-Price-4-768x543.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/PI-Price-4-50x35.png 50w\" sizes=\"auto, (max-width: 566px) 100vw, 566px\"><\/a><figcaption id=\"caption-attachment-392450\" class=\"wp-caption-text\">PI Price, Source: CoinGecko<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">The exact reason behind the sudden nosedive remains unclear. However, it coincides with the major token release that started today (April 15), when 6.8 million PI will be freed up.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">As <\/span><em><span data-preserver-spaces=\"true\">CryptoPotato<\/span><\/em><span data-preserver-spaces=\"true\"> previously <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/pi-investors-beware-massive-pi-network-price-volatility-incoming\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">warned<\/span><\/a><span data-preserver-spaces=\"true\">, the unlocks will speed up<\/span><span data-preserver-spaces=\"true\">\u00a0in the next few weeks. April 18 <\/span><span data-preserver-spaces=\"true\">is expected<\/span><span data-preserver-spaces=\"true\"> to be the record day, with almost 10 million tokens <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/piscan.io\/unlock-statistics\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">scheduled<\/span><\/a><span data-preserver-spaces=\"true\"> for release.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Such events generally trigger increased selling pressure, <\/span><span data-preserver-spaces=\"true\">giving investors the chance<\/span><span data-preserver-spaces=\"true\"> to offload coins they\u2019ve waited for a long time. While not all may cash out, the risk of a wave of exits remains.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Despite the price retreat in the past hour, some industry participants remain bullish. The X user MOON JEFF, who frequently touches upon PI\u2019s performance, <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/CRYPTOAD00\/status\/1912092741007269909\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">noted<\/span><\/a><span data-preserver-spaces=\"true\"> the start of the big unlocks but assumed that skyrocketing to an all-time high of $5 is still possible. \u201cDon\u2019t sell cheap,\u201d they advised.\u00a0<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/pi-network-pi-plunges-12-in-just-1-hour-whats-going-on\/\" rel=\"nofollow\">Pi Network (PI) Plunges 12% in Just 1 Hour \u2013 What\u2019s Going On?<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR PI dropped by double digits in an hour as major token unlocks began. Despite the dip, some analysts remain optimistic, with one X user predicting a potential surge to $5. The native token of Pi Network witnessed a substantial resurgence towards the end of last week, with its price rising to $0.77. This represented [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-22151","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/22151","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22151"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/22151\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}