Pi Network’s PI Token Dumps 13% Weekly as Team Announces Crucial Deadline Ahead

What: Pi Network's PI token plummeted **13%** weekly, reaching a new low of under $0.18.
Why: The decline is attributed to the team's announcement of a crucial deadline for users to claim their tokens.
Signal: The token's price drop signals a loss of investor confidence in the project.
Target: The team's deadline is seen as a potential catalyst for a price rebound, with some investors targeting a return to $0.25.
Risk: However, the risk of further price drops remains high, with some analysts warning of a potential **50%** decline in value.