Pi Coin Under Pressure: Token Unlock, Migration and KYC Issues Drive Bearish Outlook
Pi Coin is facing increased bearish pressure amid ongoing token unlock events, unresolved KYC verification issues, and user frustration over new migration prompts within the Pi Network. As of June 2025, Pi is trading below $0.66, down more than 20% in a week, with technical indicators such as the inverse cup and handle pattern and descending wedge highlighting a continued downtrend. The imminent unlock of 276–280 million PI tokens, worth approximately $176 million, is expected to add significant sell pressure, especially with weak market sentiment and low trading volumes. The coin has breached key support at $0.5547, raising the risk of a further drop toward the $0.40 level. The Pi Foundation’s control of the vast majority of tokens continues to heighten concerns over centralization, while the lack of substantial ecosystem development, practical utility, and new major exchange listings means recovery prospects remain limited in the short term. Traders are advised to remain cautious, as the combination of technical and fundamental weaknesses—especially surrounding the large June token unlock—points to a high risk of continued decline unless the project rapidly improves adoption, utility, or trading access.
Bearish
The upcoming unlock of more than 276 million PI tokens in June is likely to increase selling pressure in the already bearish Pi Coin market, amplified by technical weakness, unresolved KYC issues, and ongoing user migration frustrations. The price has dropped over 20% in a week and broken key support levels, signaling dominance by sellers and lack of recovery momentum. Centralization fears and absence of new ecosystem milestones or exchange listings further dampen bullish sentiment. The combined technical and fundamental factors suggest a continued high risk of price decline for Pi Coin in the short term unless significant improvements in adoption or utility occur.