Pi Network is experiencing caution and fading hype as supply pressures increase despite recent positive news like new app integrations and developer support.
Traders are concerned about the upcoming unlock of over 276 million PI tokens in July, expected to test market resilience without significant new launches to balance added liquidity.
Pi has a track record of sharp spikes followed by rapid corrections, and the current price stability at the $0.40 threshold is being closely monitored for potential triggers that could attract bargain hunters.
Despite potential positive shifts in infrastructure to support developer applications directly, Pi's short-term challenges may outweigh long-term benefits as traders await volatile market movements in the coming weeks.