Pi Coin is struggling to register any bullish momentum, and all indicators suggest this might continue into the foreseeable future. Since its launch, the Pi Network price has crashed by about 88%, which has left many early supporters and holders worried about its future. Recent market data shows that the decline can be attributed to massive token unlocks and weak liquidity on crypto exchanges. Furthermore, new developments show that unless market dynamics improve, Pi Network may face even more declines in the coming months
source: https://www.newsbtc.com/news/pi-network-price-crashes-88/