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Pi Network Struggles to Catch Up With the Market
Despite launching the Pi AI Studio to support developers building AI-powered apps, Pi Network is facing a supply problem. New data from PiScan shows that the network will unlock 130 million coins this month, bringing the circulating supply to over 8 billion. With more coins flooding the market daily, investor demand is not keeping pace.
While bulls argue that fewer token unlocks will take place in the coming months, the recent 26% price plunge and a drop in market cap to $3.4 billion suggest Pi Network is struggling to sustain its earlier hype. Many traders are looking for a Pi Network substitute that offers actual usage, growth, and is the top crypto under $1.