Pi Network hit new low near $0.126 as 163M PI unlocks

Pi Network (PI) drop go new all-time low near $0.126 on June 5, 2026, extend one month downtrend over 30% and confirm bearish technical breakdown. Main short-term catalyst na be token supply: over 163M PI dem set to enter circulation for June, average over 5M per day, and the biggest unlock near 16M dey due June 11. Because liquidity thin for major exchanges, the PI unlock flow fit amplify sell pressure and make price action vulnerable. Traders dey also factor broader risk-off conditions. Bitcoin briefly fall below $62,000 and leveraged liquidations pass $1.6B, wey normally reduce demand for speculative altcoins like Pi Network. Small support story dey too, like CiDi Games Developer Center launch, four new games, and Pi protocol upgrade. But the article say these efforts still early-stage, and on-chain demand never enough so far to counter the monthly PI unlock wave. Wetin to watch: whether Pi Network fit hold the $0.126–$0.131 zone into the June 11 unlock. If e break decisively, e go increase chance say price go move toward the psychological $0.10 level.