📉 PYTH under pressure

Pyth Network, a prominent oracle platform, has seen its native token PYTH lose nearly 12% in the past week. As of now, it trades at $0.1346 — more than 88% below its all-time high of $1.15, recorded on March 16, 2024.

Trading volume on centralized exchanges reached $36.3 million, while decentralized exchanges saw just $625,000, indicating muted activity in DeFi markets.

🔓 Token unlocks and tariff tension

The main catalyst for the recent price drop appears to be a large token unlock. On May 19, the network released 2.13 billion PYTH tokens into circulation — 58.3% of its circulating supply. The total supply is capped at 10 billion, with the first 1.5 billion released in November 2023.

In parallel, U.S. President Donald Trump's renewed tariff threats against the European Union added geopolitical uncertainty, pressuring risk markets — including crypto.

📈 Room for recovery?

According to World of Charts, the current price level may offer a strong entry point. Technical indicators suggest a potential move to $0.30 in the short term.

A supporting signal is the increase in the network’s Total Value Secured (TVS) — from $4 billion to $6.6 billion over the past year. This reflects growing trust, institutional interest, and improved protocol security.

🧠 Conclusion

Despite short-term bearish pressure driven by token unlocks and macro headlines, PYTH shows strong fundamentals. With rising TVS and bullish signals from analysts, a rebound may be on the horizon in the coming weeks.

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