Overview
- The market collapsed in a heavy selloff that pushed PI to a new all‑time low near $0.0785, with reports attributing the move to long‑term holders liquidating and the token’s market cap falling below $1 billion.
- Traders prepared for a major supply increase after PiScan data flagged roughly 127.5 million PI due to be unlocked in the coming weeks, which accelerated pre‑unlock selling by pioneers.
- Derivatives data show traders are de‑leveraging and betting on declines, with open interest down to about $8.48 million and funding rates deeply negative, signaling short‑biased positioning in futures markets.
- Trading volume spiked roughly 129% to about $17.7 million during the crash, a surge that confirms intense sell pressure and exposes low exchange liquidity that could magnify further price moves toward $0.075–$0.085 support.
- Analysts say the token needs stronger demand or supply‑absorption measures such as Tier‑1 exchange listings or buyback programs to stabilize price, while holders face mounting losses after PI lost roughly 60% year‑to‑date and about 97% from its 2025 peak.