#PI Unfortunately, yes, Pi Coin has recently been in a state of decline. There are several possible reasons for this:
* Selling pressure after mainnet launch: With the long-awaited mainnet launch, miners and early users may sell their Pi coins for cash. This could put downward pressure on the price as supply increases.
* Balance of supply and demand in the market: during the initial listing, there may not be enough demand. This can keep prices low.
* Uncertainty: Uncertainty about the future of Pi Coin can also make investors cautious and sell. It would be more profitable to sell it and buy