Pi Network hits new low near $0.126 as 163M PI unlocks loom
Pi Network (PI) fell to a new all-time low near $0.126 on June 5, 2026, extending a month-long downtrend of over 30% and confirming a bearish technical breakdown. The key near-term catalyst is token supply: more than 163M PI are scheduled to enter circulation in June, averaging over 5M per day, with the largest unlock of nearly 16M due on June 11. With liquidity described as thin on major exchanges, the PI unlock flow could amplify sell pressure and keep price action vulnerable.
Traders are also factoring in broader risk-off conditions. Bitcoin briefly dipped below $62,000 and leveraged liquidation totals topped $1.6B, which typically reduces demand for speculative altcoins like Pi Network.
A partial support narrative exists, including a CiDi Games Developer Center launch, four new games, and a Pi protocol upgrade. However, the article frames these efforts as early-stage, with insufficient on-chain demand so far to offset the monthly PI unlock wave.
What to watch: whether Pi Network can hold the $0.126–$0.131 zone into the June 11 unlock. A decisive break increases the odds of a move toward the psychological $0.10 level.
Bearish
This news is bearish for Pi Network because the scheduled PI token unlocks (over 163M in June, including a near-16M peak on June 11) directly increases sellable supply right when liquidity is described as weak. Combined with a broader risk-off tape (BTC weakness and $1.6B+ liquidations), demand is less able to absorb the incoming PI supply. The technical picture—loss of the $0.13 area and a test of lower levels—adds to downside momentum. Positives like the CiDi Games developer initiatives and a protocol upgrade are framed as early-stage, so traders likely assign them a limited short-term ability to offset unlock-driven pressure.