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Pi Network’s PI Crashed to New ATL, But This Metric Signals More Downside Ahead

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Pi Token Unlock Schedule. Source: PiScan


Millions and millions of PI tokens will be released in the following weeks, which could bring even more pain for the bulls.

The past several weeks have not been kind to the cryptocurrency markets. This trend only intensified on Thursday when the entire market bled out, with multiple double-digit price crashers.

Naturally, Pi Network’s PI token was not spared, and it dumped to fresh all-time lows of under $0.135 (on CoinGecko). This meant that the asset has plunged by over 30% in the last month alone. On a broader scale, PI is down by more than 95% since its all-time high marked on February 26, 2025.

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Despite this massive correction, some members of the ever-vocal and optimistic Pi Network community tried to find the silver linings. This one, for example, outlined the skyrocketing PI transaction volume, which, he believes, shows “increased interest in PI despite the manipulation games done by whales.”

This one was even more bullish, predicting a mind-blowing surge to $4 from the current dip in the first six months after the second Mainnet migration and once old Pioneers (Pi Network users and investors) are done selling off.

More Pain to Come?

If we are being realistic, it’s hard to even imagine such a rally happening soon. Not only because the overall crypto market seems to be dominated by the bears, but also due to PI’s recent price performance and the unlocking schedule for new tokens.

Data from PiScan shows that almost 8 million coins will be freed in the next month on average. What’s even more worrying is the fact that this number will skyrocket to over 18 million on February 12 and to 23.6 million on February 13.

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Such a massive number of tokens to be unlocked might result in more immediate selling pressure from investors who have been waiting a long time for their holdings to become available for trading. This is particularly true in such a time of panic.

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Pi Token Unlock Schedule. Source: PiScan
Pi Token Unlock Schedule. Source: PiScan

The Good News

On the positive side, the chart above demonstrates that the number of unlocked tokens will decline after February 20 and will normalize, which could ease the selling pressure. Additionally, there are rumors circulating online that one of the largest and oldest exchanges, Kraken, might be planning to list Pi Network’s native token, which could boost its liquidity and legitimacy among investors.

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Oil Rose 3% to Open the Week: Here’s What Moved the Market on Monday

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Oil prices jumped more than 3% on Monday, pushing Brent crude above $116 a barrel. West Texas Intermediate (WTI), the US benchmark, climbed to roughly $102 per barrel.

The latest rise comes as the US-Israel war on Iran entered its fifth week with no signs of abating.

Oil Extends Its War-Fueled Rally 

Several escalatory developments over the weekend fueled the surge. President Donald Trump told the Financial Times he could possibly seize Kharg Island, the terminal that handles roughly 90% of Iran’s crude exports.

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The US president struck a mixed tone on diplomacy with Iran, saying he was “pretty sure” of making a deal with Iran but conceding that talks could still collapse.

Meanwhile, Iran’s parliament speaker warned that Tehran would “set them on fire” when American forces arrived and promised consequences for US-allied nations in the region. 

The oil price surge is far from over, according to market analysts, who warn that the prolonged closure of the Strait of Hormuz could drive crude even higher.

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“A scenario in which the Strait remains closed for an additional month would be consistent with oil prices rising towards $150/bbl and constraints on industrial consumers of energy supply,” Bruce Kasman, global head of economics at JPMorgan, said.

According to Bloomberg, US officials and Wall Street analysts have also begun discussing the possibility of crude reaching $200 per barrel.

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Asian Stocks Tumble, Crypto Feels the Pressure

The energy shock rippled across Asia. Google Finance data showed that Japan’s Nikkei 225 fell over 4.5%, while South Korea’s KOSPI dropped more than 4.3% as import-dependent economies repriced risk.

The volatility has spread to crypto markets, with asset prices dipping early in the morning before rebounding. 

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“The market briefly crashed just now — ETH dropped below $1,940 and BTC fell below $65,000,” Lookonchain reported.

Oil above $100 per barrel continues to pressure risk assets by fueling inflation expectations and delaying anticipated Federal Reserve rate cuts.

The post Oil Rose 3% to Open the Week: Here’s What Moved the Market on Monday appeared first on BeInCrypto.

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Lido DAO Mulls $20M LDO Buyback to Boost Token Price

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Lido DAO Mulls $20M LDO Buyback to Boost Token Price

Lido’s decentralized autonomous organization is considering a one-off $20 million buyback of its governance token to address so-called price dislocation, which is at “historically depressed levels” relative to Ether, according to the DAO. 

The proposal, submitted Friday, seeks permission to swap 10,000 Lido Staked Ether (stETH) tokens, currently worth $20 million from the DAO’s treasury for Lido DAO (LDO), arguing that LDO is undervalued.

“This is not a routine fluctuation. It represents one of the most significant dislocations between LDO’s market price and its underlying protocol fundamentals in the token’s history.”

A token buyback of this size could boost the price of the token, which has fallen roughly 96% from its all-time high. In November, a Lido DAO member pitched an automated buyback mechanism for LDO to improve the token’s price. However, that proposal hasn’t been implemented.

LDO’s change in price relative to ETH since 2024. Source: Lido DAO

Lido DAO pointed out that LDO is trading at a steep discount to Ether (ETH) at a ratio of 0.00016, roughly 63% below its two-year median.

This is despite the protocol holding the top spot of the Ethereum liquid staking market, with a 23.2% share of staked Ether, according to Dune Analytics data. The protocol’s dominance has even been flagged as a centralization risk to the network in previous years.

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Share of Ethereum network validators. Source: Dune Analytics

Related: Ethereum builders propose ‘economic zone’ to tackle L2 fragmentation 

LDO is currently trading at $0.30, down 95.9% from its $7.30 high set in August 2021, according to CoinGecko data. LDO’s $255 million market cap makes it the 141st largest token by value at the time of writing.

“That dislocation is not justified by a proportional deterioration in protocol performance,” Lido DAO said. 

Lido DAO proposes buying stETH in batches

Lido DAO proposed buying up to 10,000 stETH in smaller batches of 1,000 to buy LDO. 

Lido DAO said it would use limit orders or adopt a dollar-cost averaging strategy to avoid market volatility. 

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