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New Record Low
The native cryptocurrency of Pi Network, once a proud steed, now limps like a lame donkey, its price plunging to $0.33, the lowest since the dawn of time. Its market cap, once grand, now dwarfs only the ambitions of a beggar, at $2.6 billion. A tragedy fit for Gogol himself!
Some sages of the market, with eyes as sharp as a crow’s, warn that if the price breaks below $0.33, the bulls shall weep bitterly, while others, with hope as strong as a drunkard’s faith, whisper of a possible rise to $0.85, though it seems as likely as a snowball’s chance in hell.
Despite the gloom, a fool’s hope lingers. One X user, “open mainnet,” urges investors to hold their coins and buy when the price is “favorable.” They even forecast a valuation of $100, a sum so absurd it makes the very air tremble, as if the moon itself were to speak in Russian.
There’s nothing impossible, but such a target can undoubtedly be described as a miracle, considering PI’s unsatisfactory condition. Its market cap would need to explode to $800 billion, a feat rivaling the construction of a pyramid by a drunken ant.
The Bearish Factors
The upcoming unlocks of PI, once a slow trickle, now rush like a flood. Over the next 30 days, 170 million tokens shall be freed, with September 2nd being a day of reckoning, when 13.7 million shall be unleashed, like a storm upon the land.
The development, though not a guaranteed exodus, offers investors the chance to offload their burdens, like a weary farmer casting aside his plow.
The exchanges, those greedy tigers, hoard 416.2 million coins, with Gate.io leading the pack, its vaults brimming, ready to spill the coins into the market, causing panic and despair. A tale of woe, indeed!
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2025-08-26 16:58