PI price dey under pressure as money dey go exchanges and tokens dey unlock as Protocol 22 deadline near
PI Network PI token dey trade under pressure even as crypto market dey recover. Di article point two short-term things wey fit affect traders: PI wey dem dey send go exchange and tokens wey dem go unlock soon.
On-chain data show say near 3 million PI move from self-custody to centralized exchanges inside 24 hours, push exchange balances to about 508 million PI. Dis ‘‘exchange inflow’’ pattern fit increase short-term selling risk, especially when price momentum no strong.
Also, PI get unlock pressure: near 200 million PI tokens set to unlock over di next 30 days, and di biggest day na May 1 (around 20.9 million PI).
Operationally, Pi Network still dey push Protocol 22. PiCoreTeam notice (via Coindar) talk say Mainnet nodes must upgrade to Protocol 22 by April 27 make dem remain connected and support network stability, as step toward fuller smart-contract functionality.
Net takeaway for traders: PI exchange inflows plus heavy PI token unlock calendar raise near-term downside risk, even though Protocol 22 progress and recent testnet updates fit be longer-term positives.
Bearish
Di latest article tok say PI dey face short-term sell pressure from both flow and supply. First, di move of ~3M PI go centralized exchanges dey increase di chance say more selling go happen, especially as e happen while PI no get strong price momentum (report say e weak about ~4% weekly). Second, one large unlock schedule—almost 200M PI in 30 days with di heaviest release on May 1—fit add systematic supply wey dey hang over market.
Protocol 22 fit give possible longer-term support story (node upgrade deadline April 27; smart-contracts readiness), but di market impact dey expected to be dominated by immediate liquidity dynamics. Historically, unlock-heavy calendars plus exchange inflows dey often put pressure on tokens in di weeks before key unlock dates, making rallies harder to sustain unless buying demand seriously offset di supply.