Pi Network Price Plummets 9% Amid Weak Market Sentiment

The Pi Network (PI) price has taken another hit, declining by approximately 9% over the past 24 hours. This drop brought the token to a temporary low of $0.074 before stabilizing at around $0.075.

This is just 5% away from PI's record low of $0.0700. The token has struggled in recent days, with its weekly performance showing an approximate 19% decline due to intense selling activity.

The broader market sentiment remains weak, as indicated by the Crypto Fear and Greed Index, which decreased to 34 from Sunday's reading of 39. This contraction signals growing apprehension among market participants.