The recent decline in Pi Network (PI) price has raised questions among investors and developers alike, especially as the token faces heightened volatility amid structural changes in supply dynamics. As PI transitions through critical phases of its ecosystem rollout, both network-level events and on-chain activity are exerting measurable influence on its market behaviour. These shifts reflect broader challenges in maintaining equilibrium between circulating supply and demand, particularly within a network that is still maturing toward its open mainnet…