Pi Network Hits New Low as Large PI Token Unlocks Threaten Further Declines
Pi Network’s PI token plunged to fresh lows after a sharp market correction and now trades near all-time lows. On-chain data (PiScan) and project schedules show concentrated, large token unlocks over the coming days: roughly 18.9M PI, 23.6M PI and 16.9M PI on consecutive dates — far above prior monthly releases and the recent ~8.5M monthly average. Combined with an earlier report that PI had already lost more than 90% from peak levels, the new unlock schedule increases circulating supply by tens of millions of tokens in a short window. Token unlocks will make those coins tradable immediately and therefore represent substantial sell-side pressure while demand remains weak and market sentiment is negative. Technicals in earlier coverage were bearish: PI trading below major EMAs and key support levels (around $0.152), with RSI in oversold territory — indicating limited near-term downside but heightened volatility until supply pressure eases. A potential Kraken listing appears on roadmaps and would be a notable bullish catalyst if confirmed, since exchange listings can materially boost liquidity and demand. For traders: expect elevated volatility and possible further downside in PI in the short term. Monitor on-chain unlock dates and flows, exchange deposit/withdrawal movements, order-book depth, and any formal exchange listing announcements. Key short-term support sits near the recent lows (~$0.13–$0.152); a confirmed major exchange listing or a sustained reclaim of $0.152 would be required to shift momentum upward.
Bearish
The combined reports point to a predominantly bearish outlook for PI. Large, concentrated token unlocks will materially increase short-term circulating supply by tens of millions of PI, and unlocked tokens become immediately tradable — raising the probability of sell pressure while demand is weak. Technical indicators cited in the coverage (price below key EMAs and support, RSI in oversold territory) reinforce near-term downside risk and heightened volatility. Although oversold conditions may limit immediate losses and a confirmed major exchange listing (e.g., Kraken) would be a strong bullish catalyst, that remains unconfirmed. Therefore the immediate price impact is likely negative: traders should expect elevated volatility, potential continued price declines toward recent lows (~$0.13–$0.152), and heavy attention to on-chain flows and any exchange-listing news that could reverse the trend.