- Pi Coin dropped 6% today after a 10 million token unlock, adding to a 26% monthly decline.
- Analysts remain cautiously optimistic, but rising supply could continue to pressure prices.
Pi Coin is under pressure once again after dropping 6% in the past 24 hours, following the unlock of 10.1 million tokens today. The price now sits at $0.5786, extending its month-long decline to a steep 26%. Investor confidence is waning as Pi Coin shows limited signs of rebounding—even as the broader crypto market trends upward.
April has been a turbulent month for Pi Network, with over 100 million tokens unlocked and more to come. Tomorrow, April 30, marks the largest single-day unlock yet, with 11.22 million tokens scheduled for release. These aggressive unlocks have driven PI’s price down 80% from its February peak of $2.98.
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Looking ahead, May may bring more downside. A staggering 197 million Pi tokens are set to be released, potentially flooding the market and amplifying selling pressure. Over the next year, 1.56 billion PI tokens are expected to be unlocked, averaging 134 million monthly. The largest release—432.3 million tokens—is slated for December 2027, raising long-term concerns about Pi Coin’s supply-demand balance.
What’s making matters worse is Pi Network’s negative correlation with Bitcoin (-0.11). While Bitcoin approaches the $100,000 mark and drags the crypto market into recovery, Pi Coin appears disconnected, even declining when Bitcoin rallies.
Yet, some analysts remain cautiously optimistic. If market conditions improve and Pi Network can deliver on ecosystem growth, PI could reach $3 by June and potentially $5 over the longer term. Speculation of upcoming token burns to offset new supply is also fueling hope.
Still, with supply pressure mounting, Pi Network must act quickly to stabilize its tokenomics. Without strategic interventions—such as burns or new demand drivers—analysts warn the price could struggle to recover.
While long-term prospects exist, Pi Coin faces an uphill battle in the short term. Until the supply shock is addressed, investors should brace for continued volatility.