news 
Pi Network Price News Today: Token Soars 50% in 24 Hours, Eyes on $1
The PI token has made a remarkable turnaround, surging by nearly 50% over the past 24 hours. This significant price increase is a stark contrast to its recent downturn, with some investors questioning whether this rise marks a genuine recovery or simply a dead cat bounce.
As of the current market prices, Pi Network is trading at $0.64, following an unprecedented upswing that has left many analysts perplexed. The token’s dramatic freefall seems to have halted momentarily, but it remains unclear if this momentum will be sustained in the long term.
Market observers point to the continuous unlocking of PI tokens as a primary factor driving the recent price fluctuation. As more tokens become available, the increased supply puts downward pressure on the token’s value, while demand has struggled to keep pace.
Source: https://coinpedia.org/news/pi-network-price-news-today-token-soars-50-in-24-hours-eyes-on-1/
