The post Pi Network News: Nicolas Kokkalis Breaks Silence on Pi Coin Price Drop  appeared on BitcoinEthereumNews.com.

The post Pi Network News: Nicolas Kokkalis Breaks Silence on Pi Coin Price Drop  appeared first on Coinpedia Fintech News The crypto market faced sharp losses over the weekend, dragged down by rising Middle East tensions and inflation fears. Bitcoin slipped below $99,000, with Ethereum and other major altcoins following suit. Pi Coin also plunged 11%, nearing its all-time low, before a slight 0.55% rebound today. June’s 263 million token unlock continues to weigh heavily on Pi’s price, fueling selling pressure and investor concerns. Why Is #PiNetwork Price Low Right Now? Will It Rise Again? Global crypto correction is hitting all major coins — not just Pi. #Bitcoin, #Ethereum & #Solana have dipped recently, dragging the market sentiment down. When these giants fall, the whole market feels it.… pic.twitter.com/8f48DaHzCV — Dr. Nicolas Kokkalis (@drnicolas_) June 22, 2025 However, Dr. Nicolas Kokkalis, the founder of Pi Network, has responded to concerns about the falling Pi price, attributing it to the broader crypto market correction. He pointed out that major assets like Bitcoin, Ethereum, and Solana have also seen notable declines, impacting the overall market mood. So, Pi’s dip isn’t an isolated event, but it could be a part of a global trend.  Temporary Dip, Long-Term Vision According to him, despite the bloodbath, Pi Network stands out with a unique setup. The project is in its Enclosed Mainnet phase, meaning it isn’t yet publicly tradable. Despite that, Kokkalis emphasized strong fundamentals, including over 50 million users, a growing ecosystem of real-world applications, and steady development. He reassured the Pi community, known as Pioneers, that what’s happening isn’t a crash but a transitional phase. Kokkalis believes the token’s true value will emerge once the Open Mainnet launches and Pi is listed on major exchanges. He framed the current situation as an accumulation phase,…

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Filed under: News - @ June 23, 2025 5:27 am