💞 #Gate Square Qixi Celebration# 💞
Couples showcase love / Singles celebrate self-love — gifts for everyone this Qixi!
📅 Event Period
August 26 — August 31, 2025
✨ How to Participate
Romantic Teams 💑
Form a “Heartbeat Squad” with one friend and submit the registration form 👉 https://www.gate.com/questionnaire/7012
Post original content on Gate Square (images, videos, hand-drawn art, digital creations, or copywriting) featuring Qixi romance + Gate elements. Include the hashtag #GateSquareQixiCelebration#
The top 5 squads with the highest total posts will win a Valentine's Day Gift Box + $1
Pi Network (PI) Plummeted to a New All-Time Low: Is The Worst Yet to Come?
TL;DR
New Record Low
The native cryptocurrency of Pi Network has experienced a significant decline over the past several months, and the latest correction in the crypto market has only made things worse.
Just a few hours ago, its price plunged to $0.33, which was the lowest point since the asset began trading. Moreover, its market capitalization tumbled to approximately $2.6 billion; thus, PI is no longer among the 50 largest cryptocurrencies.
PI Price, Source: CoinGeckoSome analysts believe a further drop is not out of the equation. One popular X user predicted that losing the $0.33 support level might result in more pain for the bulls. On the other hand, if the price stays above that zone, it may spark accumulation and a potential liftoff to $0.85
Despite PI’s evident downfall, incredibly optimistic forecasts still exist. The X user “open mainnet” urged investors to hold their coins and buy when the price is “favorable.” They even forecasted that the valuation could reach the ridiculous $100.
There’s nothing impossible, but such a target can undoubtedly be described as a miracle considering PI’s unsatisfactory condition and the fact that its market cap should explode to almost $800 billion. As of this writing, the only cryptocurrency with a higher capitalization is Bitcoin (BTC), while Ethereum (ETH) comes in second with less than $550 billion.
The Bearish Factors
The upcoming unlocks of PI (which slowed down at one point in August) are once again expected to pick up. Over the next 30 days, almost 170 million tokens are scheduled for release, with September 2 being the record day, when 13.7 million coins will be freed up.
PI Token Unlocks, Source: piscan.ioThe development does not guarantee a max exit but gives investors the chance to offload assets they have been waiting for some time.
Additionally, the amount of PI stored on cryptocurrency exchanges continues to rise. Data shows that more than 416.2 million tokens are held by such platforms, with Gate.io leading the way with almost 200 million. The rising figure could be interpreted as a worrying sign by bulls, as it increases immediate selling pressure