TL;DR
- So, the whole crypto market is in the red today, thanks to the latest drama between Israel and Iran. But guess what? Pi Network decided to take a nosedive that would make a pilot jealous.
- In a matter of minutes, the price plummeted by over 35%. Talk about a dramatic exit!
Look, global uncertainty is like that annoying relative who shows up uninvited. It messes with everything, especially the crypto market, which is already as volatile as a toddler on a sugar rush. Just in the last 12 hours, Israel’s strike against Iran sent all crypto assets into a tailspin.
Now, while the big boys like Bitcoin only dropped 3-4%, Pi Network’s token decided to go for a full-on rollercoaster ride. It was chilling at about $0.62, then—BAM!—down to just under $0.4. I mean, come on! This is like watching a bad sitcom where the punchline is just a punch to the gut.
Is $PI powered by Iranian nuclear facilities? It dipped from 0.62 to 0.4 in one minute. But hey, it’s already recovering! Bullish for $PI. #PiNetwork
— MOON JEFF (@CRYPTOAD00) June 13, 2025
Now, it’s clawed its way back to $0.56, but let’s not kid ourselves—it’s still 13% down today. And it’s below the May lows of $0.6. What a comeback story, huh?
Remember when the Pi Network Core Team teased a big announcement back in May? The price shot up from $0.6 to nearly $1.7 in days. But just like that, it lost steam faster than a balloon at a kid’s birthday party.
And let’s not forget about those daily token unlocks. According to PiScan, over 340 million PI will be released next month. June 18, June 26, July 5, and July 7 are the days to watch. It’s like waiting for a bus that never comes—some investors might just want to cash out and secure their profits.
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2025-06-13 12:13