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06/18 00:49

Why is Pi Network token down today?

Why is Pi Network token down today?


Pi Network continues its decline with a sharp daily drop, as the latest announcements fail to impress investors.Pi Network (PI) is facing a challenging stretch. On Tuesday, June 17, the token dropped 11%, hitting a daily low of $0.5311 and wiping out its gains from the previous few days. A generally negative market trend further dampened enthusiasm for the network’s latest updates.

The two-day slide, which took Pi from a high of $0.6345 to its current level of $0.5450, began shortly after June 15. This timing coincided with an announcement that the .pi domain auctions would become a standalone app, separate from Pi mining.

The news failed to spark interest among Pi holders. Most remain far more engaged with the network’s core mobile crypto “mining” feature, which rewards users for app activity. However, those rewards continue to decline.1750207641877.png


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