Pi Coin Struggles Amid Supply Pressure, Stellar's XLM Sees Unexpected Rally
Pi Coin's price remains under pressure as its supply is expected to increase by around 154 million units in the next 30 days. This surge in supply may add fresh selling pressure on the token, which has already declined by about 37% from its recent peak.
The broader crypto market is also experiencing a cautious phase, with Bitcoin falling by over 4% in the past seven days and Ether moving in a narrow range. This weakness in the overall market has limited support for Pi Coin, making it challenging for the token to recover.
