Pi Network drops by 25.7%, breaking its previous upward streak that brought the price of the token over the $1 threshold. Its trading volume recently surged by 3.7% in the past 24 hours.
According to data from crypto.news, the Pi Networkâs token (PI) has been on a downhill slide since May 12. It reached its lowest point at 15:00 UTC on May 12 when it hit $0.93, slightly below the $1 mark. At press time, the token has gone down nearly 25% in the past 24 hours of trading.
The sudden price drop ends the tokenâs rally, dragging the price down to 61% below its all-time high at $2.99. Even though the token recently broke through the $1 threshold after surging by 35% just a day prior. Its rally was powered by a 114% weekly surge. However, the tokenâs decline held the rally back in its tracks, bringing its weekly gains to 95% and its monthly uptick to 53.9%.
Price chart for Pi Networkâs utility token in the past few days, May 13 2025 | Source: crypto.news
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This rally break was accompanied by a 3.7% surge in its trading volume.
At the moment, Piâs daily trading volume sits at over $1.73 billion in the past 24 hours. Despite the price drop, its daily trading volume went up by $300 million compared to the previous day. This could indicate that holders are rushing to sell the token amidst fears of the price dipping lower.
The recent drop in prices could lead to traders âpanic selling,â which could push prices even lower while trading volume goes up alongside selling pressure.
Most recently, the Pi Network team hinted at a major announcement scheduled to take place on May 14. The post shared on May 8 only described it as an âecosystem announcement. Not only that, the timing of the announcement also coincides with the upcoming Consensus 2025 Summit, where Piâs founder is scheduled to speak.
These recent events sparked trader optimism, leading to its recent rally which pushed the price of Pi up past the $1 mark.
Read more:Pi Network to launch on OKX, traders raise concerns
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Tron price rallied to its highest level since December last year as the number of transactions and network fees rose.
Tron (TRX) token jumped to a high of $0.28 on May 14, up by 36% from its lowest level in 2025.Â
Nansen data shows that Tron was the third most active blockchain network in the last seven days. It handled over 60 million transactions, a 4.8% weekly increase. Solana (SOL) and Base processed 433 million and 67 million transactions in the same period.
Tronâs number of active addresses rose by 1% in the last seven days to over 6 million. In contrast, Ethereum (ETH) handled 9.45 million transactions and had 2 million active addresses in the same timeframe.
Tron active addresses, transactions, and fees | Source: Nansen
More data shows that Tron has become the second most profitable player in the crypto industry after Tether. According to TokenTerminal, it has generated $1.24 billion this year, more than Ethereum, Solana, and BNB Chain combined.
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Tronâs success comes from its USDT business. According to TronScan, its USDT trading volume stood at over $104.2 billion on Tuesday as the number of transfers rose to 2.47 million.Â
Tron token has also jumped as its supply continued falling because of its daily burn rate. The supply has dropped to 94.9 million, down from 96.5 million in the same period last year.Â
TRX is also benefiting from increased staking inflows as investors seek to generate the approximate 4.50% annual yield. Data shows a net increase of 379 million TRX staked on Tron over the last 30 days. This brought the total staking market cap to $11.16 billion and the staking ratio to 42.55%.
Tron price technical analysis
TRX price chart | Source: crypto.news
The daily chart shows that TRX has rebounded from key support at $0.2165 to a high of $0.2800 this week. It flipped the crucial resistance level at $0.2584, a level it had struggled to break above several times since January.
Tron has formed an ascending channel and is now a few points below its upper boundary. It has also moved above the 50-day Exponential Moving Average. Meanwhile, the Awesome Oscillator has remained above the zero line since March, while the Relative Strength Index has climbed above the overbought threshold.
Therefore, a move above the upper side of the channel at $0.2800 will point to more gains, potentially to the 2024 high of $0.4467, up by 64% from the current level.Â
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随着美国经济衰退风险上升以及以太坊价格暴跌,现货以太坊交易所交易基金继续减少资产。
SoSoValue 数据显示,现货以太坊(ETH)ETF 资产在过去连续七周内出现减少。上周净流出 8240 万美元,累计流入达到 22 亿美元。
目前所有 ETH ETF 的资产规模仅为 52.5 亿美元,其中贝莱德的 ETHA 和 Grayscale 的 ETHE 分别以 18.5 亿美元位居第二。Grayscale 的迷你基金 ETH 紧随其后,资产规模为 7.11 亿美元,而富达的 FETH 则为 5.8 亿美元。
相比之下,现货比特币 ETF 表现更好,累计流出资金超过 350 亿美元,总资产达 930 亿美元。
以太坊ETF因其表现而出现资产流失。ETH价格已从去年11月的最高点下跌近62%,至目前的1,655美元。
来源:CoinGecko
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Unlike Bitcoin (BTC), which surged to a new all-time high this year, Ethereum has remained significantly lower than its all-time high of $4,872. Worse, $1000 invested in Ethereum on the same day in 2022 would now be worth $745, while a similar amount allocated to Bitcoin would be $1,400.Â
以太坊过去曾面临诸多挑战。其中最重要的挑战是它面临着来自 Layer 1 和 Layer 2 网络的激烈竞争。其中最引人注目的竞争对手包括 Solana (SOL)、Base、Tron (TRX) 和 Arbitrum (ARB)。
这种竞争意味着以太坊不再是加密货币行业最赚钱的链。数据显示 其他流行的链和应用程序如 Uniswap、Jito 和 Solana 今年都通过了。
以太坊价格技术分析
ETH/BTC 价格图表 | 来源:crypto.news
虽然以美元计算的 ETH 价格看起来很糟糕,但 ETH/BTC 价格更糟糕。上面的周线图显示,ETH/BTC 对一直处于强劲的下跌趋势中,从 2021 年的 0.088 跌至今天的 0.0188。随着以太坊的主导地位逐渐消退,它已跌至五年来的最低点。
该货币对仍远低于所有移动平均线,而平均方向指数已飙升至 44。ADX 是用于衡量趋势强度的常用指标。
因此,随着卖家瞄准关键支撑位 0.016(2019 年 9 月以来的最低水平,较当前水平下跌 92%),该货币对可能继续暴跌。
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Polkadot price continued to consolidate at a crucial support level, pointing to a potential strong rebound as development activity rises.
Polkadot (DOT) token was trading at $4, a few points above the crucial support at $3.63, where it has failed to break below since 2023.
According to data from Santiment, the number of commits in the network jumped to 53.6 on Wednesday, the highest level since April 14. That marked a significant increase from this monthâs low of 31.8. Meanwhile, seven-day development activity rose by 25.7% to 314.
Polkadot developer activity | Source: Santiment
Similarly, activity in Kusama (KSM), its canary network, also jumped by over 25% in the same period. These numbers make Polkadot and Kusama some of the most active chains in terms of Github activity after Internet Computer (ICP), Filecoin (FIL), and Cardano (ADA).
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This uptick in development is likely linked to the ongoing transition to Polkadot 2.0. Two of the three major components have already been implemented: agile coretime and asynchronous backing. Agile coretime replaces the parachain slot auction system with an on-demand blockspace model, while asynchronous backing reduces block time to just six seconds.
Developers are now working on the third phase: elastic scaling, which introduces dynamic resource allocation, allowing parachains to scale based on demand.
Polkadot price technical analysis
DOT price chart | Source: crypto.news
The daily chart shows that the DOT price bottomed around $3.5, where it has failed to drop since November 2023. It has formed a triple-bottom chart pattern whose neckline is at $11.70, its highest swing on December 2 last year.Â
The last time Polkadot dropped to this level was in November, after which it surged by 187%. Prior to that, it rebounded nearly 200% to its peak on March 13, 2023.
The two lines of the Percentage Price Oscillator have formed a bullish crossover. Additionally, the Relative Strength Index has been trending upward.
Therefore, the outlook for Polkadot is bullish, with the key target being the December high at $11.63. This bullish view remains intact as long as DOT holds above the support level at $3.50.
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