This morning, I came across some interesting news about Google’s updated site reputation abuse policies. Apparently, they’ve revised their main guidelines with some fresh updates.
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PI Decouples from Bitcoin as Recovering Above $1 Looks More Difficult
Pi Network (PI) has recently faced a challenging period in its price action. After dipping below the $1 mark, the altcoin’s recovery appears to be losing momentum.
Unlike previous rebounds, current market conditions suggest that Pi Network might find it more difficult to regain the $1.00 price level.
Pi Network Is Losing Traction
The Average Directional Index (ADX) currently sits at 32, which is notably above the 25 threshold. This reading indicates that the prevailing trend is gaining strength. In this case, Pi Network’s trend is downward, reinforcing bearish sentiment among traders and investors.
Further evidence of this strengthening downtrend is visible through the Parabolic SAR indicator. The dots are positioned above the candlesticks, a classic signal that the price is likely to continue falling. Such technical indicators often prompt cautious trading behavior and can increase selling pressure.
Pi Network’s price has shown a weakening correlation with Bitcoin, currently measured at 0.25 and steadily declining. This low and falling correlation suggests that PI is starting to behave more independently rather than mirroring Bitcoin’s movements.
This decoupling is significant because Bitcoin recently set a new all-time high (ATH) and may continue to rise. However, Pi Network is less likely to capitalize on Bitcoin’s bullish momentum, given its diverging price dynamics.
The falling correlation implies that PI could struggle to follow Bitcoin’s upward trajectory.
PI Price Aims For A Rally
At its current price of $0.77, Pi Network would need to rise approximately 28% to reach the $1.00 mark again. Given the indicators pointing to a strengthening downtrend and weakening correlation with Bitcoin, this price target seems ambitious in the near term.
Heightened bearishness may erode investor confidence, leading to increased selling. Should the price break below the critical support level of $0.71, Pi could face a further decline, potentially sliding down to $0.61. Such a drop would deepen the bearish outlook.
On the other hand, if broader market conditions improve, Pi Network might break through resistance levels at $0.78 and $0.87. Surpassing these points could invalidate the current bearish thesis and pave the way for a renewed push toward the $1.00 price target.
The post PI Decouples from Bitcoin as Recovering Above $1 Looks More Difficult appeared first on BeInCrypto.
Cross-Border Shipping Firm to Spend $20 Million on TRUMP Meme Coin
Freight Technologies Inc., a cross-border transportation logistics company, announced that it’s offering $20 million in stock to purchase TRUMP meme coins for a MicroStrategy-style treasury.
The company’s justification for this move has almost nothing to do with TRUMP or crypto. Instead, it focuses on impending US-Mexico tariffs, which could substantially impact the company’s operations.
Freight Technologies Invests in TRUMP
Since it first came on the scene, Trump’s eponymous meme coin has caused much controversy. A substantial chunk of the President’s net worth is tied up in crypto, and experts and former regulators alike worry about TRUMP’s potential for corruption.
Freight Technologies’ recent decision to make a $20 million TRUMP Treasury is fueling these concerns.
Specifically, Freight’s press release sheds light on why it would invest $20 million in TRUMP. It briefly discusses the firm’s interest in AI and Web3 developments and discusses how Freight will organize these purchases.
Mostly, however, the press release outlines how Trump’s tariffs will impact the firm’s bottom line:
“At the heart of [our] mission is the promotion of productive and active commerce between the United States and Mexico. Mexico is the United States’ top goods trading partner. We believe that the addition of the Official TRUMP tokens [is] an effective way to advocate for fair, balanced, and free trade between Mexico and the US,” CEO Javier Selgas claimed.
Freight Technologies is heavily involved with cross-border shipping with Mexico; its AI experiments are concerned with optimizing this trade.
In short, a trade war with the US’s southern neighbor could substantially damage the company’s ability to continue functioning. However, President Trump has already approved several tariff carve-outs for specific companies.
To be clear, Freight’s statement did not explicitly appeal to Trump for such a carve-out. However, reports have alleged that several crypto companies received direct or indirect legal benefits from donating to his Inauguration.
According to Fortune, some firms obtained this after donations as low as $100,000. Would $20 million attract his attention?
It’s difficult to make concrete claims, but Freight’s behavior around the TRUMP deal seems unusual. Nearly all of its reasoning for this purchase revolves around trade relations between the US and Mexico.
The firm’s press release briefly calls TRUMP an “excellent way to diversify our crypto treasury,” but this is its only non-tariff justification.
Still, if Freight attempts to petition the President, it may want the Mexico tariffs removed outright. Nothing suggests that it wants a carve-out while the tariffs remain.
In any event, this TRUMP purchase may backfire for Freight’s stock price. The company first published this press release on April 30, but it began circulating through crypto-centric social media on the afternoon of May 1.
As the news spread in these circles, Freight Technologies’ stock fell by over 20%.
Moving forward, it’ll be important to keep an eye on this story. Companies have begun creating MicroStrategy-style plans for assets like Solana. While Freight Technologies is the first to do it with TRUMP, it may not be the last.
The post Cross-Border Shipping Firm to Spend $20 Million on TRUMP Meme Coin appeared first on BeInCrypto.
Pi Network Faces Heavy Sell Pressure as Q2 Unlocks Collide With Volume Collapse
Pi Network, a prominent crypto project with a large user community, faces major pressure in Q2 2025. Although public interest in the project has declined, many Pioneers still hope for a strong price rally.
However, a significant amount of Pi tokens will be unlocked this month and in the coming months. This, combined with weakening liquidity, could make it difficult for Pi Coin to recover.
Pi Network Trading Volume Plummets as Circulating Supply Rises Sharply
According to data from PiScan, 212.2 million Pi tokens will be unlocked in May, 222.6 million in June, and 233.4 million in July. Notably, the period from May to July will see the largest Pi unlock events until September 2027.
This sharp increase in supply, along with the rising number of Pi tokens held on exchanges, is adding serious downward pressure on the price. PiScan data shows that the total Pi balance on centralized exchanges (CEXs) now exceeds 387 million tokens. Compared to a report in February, the amount of Pi on exchanges has doubled in less than three months.
Specifically, Bitget holds over 95 million Pi, while OKX holds nearly 154 million. This increase suggests that many investors may be ready to sell, increasing the risk of a price drop even if a short-term recovery occurs.
More concerning is the lack of liquidity growth alongside the rise in circulating supply. CoinMarketCap data reveals that Pi Coin’s trading volume has plunged from over $1.3 billion at launch to about $45 million—a 96% drop.
This dramatic decrease reflects a sharp decline in trading demand, raising concerns about the market’s ability to absorb newly unlocked supply.
Why Pioneers Still Expect Pi Price to Rebound in May
Despite the challenges, the Pi investor community holds an optimistic outlook.
Their hopes are partly based on unconfirmed rumors that surfaced in early May, suggesting Binance may list Pi. A Pi investor account with over 100,000 followers on X claimed that the Pi Core Team and Binance are in the final stages of negotiation.
“Soon! Pi will be listed on Binance Exchange, PCT is in final negotiation with Binance,” Pi Barter Mall declared.
Another key factor supporting a bullish outlook is the upcoming appearance of Dr. Nicolas Kokkalis, the founder of Pi Network, at Consensus 2025.
In addition, since its mainnet launch, Pi Network has achieved several milestones. These include Chainlink integrating with the Pi Network and Telegram Crypto Wallet integrating Pi as well.
At the time of writing, Pi’s price remains steady at around $0.58, as it has since the beginning of May. This reflects the cautious sentiment of Pi traders this month.
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