Pi Network’s token successfully launched today and reached the highest price of around $1.97. However, since then, the PI price went into a downtrend mode and is currently trading at around $0.70.

This means that early miners and investors who sold PI coin today made a smart decision, at least until this point.

What’s Behind the Price Drop?
The price of Pi Coin took a sharp dive after its initial launch, and there are clear reasons why. Many early users who had been mining Pi for months decided to cash out when they saw the high prices. When lots of people sell at once, the price naturally goes down. The launch also attracted many traders looking to make quick profits – they bought in early and sold as soon as the price peaked, adding more downward pressure.

The market just couldn’t hold up under all the selling. What we’re seeing is pretty common with new token launches – there’s usually a lot of excitement in the first few hours, pushing the price up, but then reality sets in as more people decide to sell their tokens.

#IP & BERA Price Bounce Up