2025-2-21 00:17 |
Pi Network’s token successfully launched today and reached the highest price of around $1.97. However, since then, the PI price went into a downtrend mode and is currently trading at around $0.70.
This means that early miners and investors who sold PI coin today made a smart decision, at least until this point.
What’s Behind the Price Drop?The price of Pi Coin took a sharp dive after its initial launch, and there are clear reasons why. Many early users who had been mining Pi for months decided to cash out when they saw the high prices. When lots of people sell at once, the price naturally goes down. The launch also attracted many traders looking to make quick profits – they bought in early and sold as soon as the price peaked, adding more downward pressure.
The market just couldn’t hold up under all the selling. What we’re seeing is pretty common with new token launches – there’s usually a lot of excitement in the first few hours, pushing the price up, but then reality sets in as more people decide to sell their tokens.
Source: CoinMarketCap/pi How to Sell Your PI CoinsIf you want to sell your Pi Coins, the process is straightforward but requires a few steps. You’ll need to start by completing your KYC verification in the Pi Network app. This is basically just proving who you are, and you can’t skip this step – it’s required to move or sell your coins.
After verification, you can move your Pi Coins to a crypto exchange that trades them. Right now, you can use exchanges like OKX, Bybit, or Bitget. Once your coins are on the exchange, you can sell them by picking the PI/USDT trading pair and setting your sale price.
After your coins sell, you can move your money out of the exchange. Depending on what the exchange offers, you can either send it to another crypto wallet or withdraw it to your bank account.
For those who aren’t familiar with Pi Network, it’s a blockchain project that lets people mine cryptocurrency using just their phones, without draining their battery or using much energy. It was started by some Stanford graduates who wanted to make crypto more accessible to regular people. The network just opened up for external connections on February 20, 2025, which means people can now freely trade their tokens.
Read also: PI Coin Pioneer Advises Against Selling Before Price Hits $314—Here Are Binance Votes
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The post Why Is PI Coin Price Crashing Today? Here’s How to Sell It appeared first on CaptainAltcoin.
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