As the crypto market experiences mixed sentiment, Pi Network and Sei continue to struggle under selling pressure. Pi’s price has fallen more than 85% since its mainnet launch, while SEI’s price momentum remains bearish after a 7.75% daily drop. These declines highlight the ongoing challenges faced by these projects.
Separately, BlockDAG (BDAG) has reported raising more than $433 million through a token-sale fundraising campaign. The project also says more than 27 billion BDAG tokens have been sold to over 312,000 holders; these figures have not been independently verified.
Project updates also cite growth in its hybrid Layer-1 ecosystem, including 3.5 million X1 app miners and 20,000 hardware miners sold. BlockDAG has promoted its Awakening Testnet and related marketing campaigns alongside these updates.
Pi Network’s Challenge: Token Unlocks Lead to Decline
Pi Network’s token has dropped 85% since its February mainnet launch, reflecting a significant change in market sentiment. The ongoing increase in token supply, with over 1.26 billion tokens scheduled for unlock over the next year, is a key factor cited by market participants. These releases, averaging 23 million monthly, may contribute to dilution and selling pressure.
Despite launching a $100 million ecosystem fund and a DEX testnet, Pi Network still faces concerns about centralization, as over 90 billion tokens are controlled by the foundation. With minimal user activity and limited exchange listings, the outlook remains cautious for some observers, and attention has shifted among market participants to other projects as well.
SEI Price Faces Pressure Amid Bearish Momentum
SEI’s price momentum has weakened, dropping 7.75% to around $0.188. Trading below key moving averages can be interpreted as continued bearish pressure across multiple timeframes. Despite developments such as Laser Digital’s tokenized fund launch and KuCoin’s staking campaign, these updates have not coincided with a clear reversal in the price trend.
Technical indicators cited by traders have pointed to continued weakness, with RSI and Stoch RSI described as oversold. Some market commentary has discussed a possible range around $0.148 to $0.155, although such projections are speculative and may not be reliable. While institutional partnerships can be relevant over longer time horizons, near-term sentiment has remained cautious.
BlockDAG’s reported $433M+ token-sale raise and live testnet updates
BlockDAG says it has raised more than $433 million through its token-sale fundraising and has sold more than 27 billion BDAG tokens to over 312,000 holders. The project has also referenced “Batch 31” pricing at $0.0015. Any future market price, exchange availability, or listing levels are uncertain and should not be treated as forecasts.
The project has described an upcoming “Genesis” phase as its intended mainnet launch, which would transition it from a fundraising phase to live network operations. Timing and delivery of roadmaps can change, and readers should rely on primary sources for the latest updates.
BlockDAG’s materials also describe the “Awakening Testnet” and its technical features. The project has stated that testnet throughput is around 1,400 TPS (up from 800 TPS) and that the network is EVM-compatible with account abstraction, smart wallets, and decentralized application deployment. These are project-reported claims and have not been independently verified.
The project has also promoted a daily “Buyer Battles” campaign as a marketing incentive during its token sale. It additionally reports an active miner base, including more than 20,000 physical miners sold and 3.5 million X1 app users; these figures are project-reported.
Key Points
Recent market action shows Pi Network facing pressure around token unlocks and SEI trading with bearish momentum despite ecosystem updates. Separately, BlockDAG has reported fundraising and development updates, including testnet activity.
Readers should note that project-reported fundraising totals, user counts, and technical metrics may not be independently verified. Any token purchase or participation in staking or token-sale programs involves risk, and outcomes are uncertain.
Website (for reference): https://blockdag.network
Telegram (for reference): https://t.me/blockDAGnetworkOfficial
This article contains information about a cryptocurrency token sale. This outlet is not affiliated with the project mentioned. This article is for informational purposes only and does not constitute financial or investment advice.
