Woofun AI reports that the PI token has declined nearly 12% in recent trading sessions, approaching fresh record lows amid persistent selling pressure. Trading volume surged by 129% to approximately $17.7 million, confirming heightened seller activity despite recovery attempts.

Market indicators reflect strong bearish momentum, with the Money Flow Index hovering near 23 and funding rates dropping to -0.0565%. The asset continues to trade within a descending channel, where sellers dominate market participation and buyers struggle to defend key support levels.