Pi Coin Nears All-Time Low as 276M Token Unlock Looms

Recent developments in the Pi Network ecosystem have raised concerns about the potential for heightened price volatility, driven by a combination of whale activity and an upcoming token unlock. The scheduled release of 276 million PI tokens—according to recent reports—has intensified speculation among investors and analysts about possible downward pressure on the coin’s value. This unlock, combined with the fact that the top 100 wallets hold 96.37% of the circulating supply, has created an environment where sudden price swings are more likely [1].

The market has already seen signs of instability. In recent weeks, Pi Coin has fallen to around $0.42, nearing its all-time low of $0.40. Technical indicators, including the MACD crossover and rising volatility, suggest a continued bearish momentum. Analysts warn that liquidity constraints and the anticipated supply surge could outpace demand, exacerbating the downward trend [2].

Historically, Pi Coin has shown significant sensitivity to supply shocks. A token unlock of 8 million PI tokens in May 2025 led to a 25% drop in value within days, despite a prior 50% surge to between $1.40 and $1.50. This pattern underscores the coin’s vulnerability to sudden increases in available supply and thin trading volume. Current trading activity reflects reduced market participation, raising concerns about the coin’s ability to regain momentum without a strong shift in demand [3].

The impact of this unlock is not limited to immediate price effects. Thin liquidity across exchanges means that large trades, particularly by whale holders, can create significant price swings. This dynamic poses a risk to both current and prospective investors, especially as the asset lacks the depth of trading volume typically seen in more mature cryptocurrencies. On-chain data indicates no significant spillover effects to major coins like BTC or ETH, maintaining the focus primarily on PI [4].

A key factor in the ongoing uncertainty is the lack of an official statement from Pi Network’s founders, Dr. Nicolas Kokkalis and Dr. Chengdiao Fan. While the community remains divided, some analysts remain cautiously optimistic that strong demand could emerge. However, overcoming bearish technical indicators and the looming token unlock will be essential for any meaningful recovery [5].

The situation highlights the broader challenges faced by projects with high concentration of holdings and limited liquidity. As the market awaits the August 2025 unlock event, the focus will remain on how trading activity and investor sentiment evolve. Any further declines will likely depend on whether the increased supply can be absorbed by the market without triggering panic selling or prolonged bearish momentum [6].

Source:

[1] Pi Coin Price Fears 6% To New All-Time Low (https://beincrypto.com/pi-coin-faces-volatility-price-now-near-all-time-low/)

[2] Pi Network Token Near All-Time Low as Bearish Indicators ... (https://www.ainvest.com/news/pi-network-token-time-bearish-indicators-intensify-2508/)

[3] Pi Network Faces 160 Million Token Unlock Risk in August ... (https://www.ainvest.com/news/pi-network-faces-160-million-token-unlock-risk-august-2025-2507/)

[4] Pi Network Price Forecast: PI targets all-time low ahead of ... (https://www.mitrade.com/insights/news/live-news/article-3-1001391-20250731)

[5] time low. Around 160 million PI tokens will be unlocked in ... (https://www.facebook.com/groups/492496885232267/posts/150****990349713/)

[6] PI Coin On Path To Hit New ATL, Will PI Rise Back Up? (https://www.cryptotimes.io/2025/07/31/pi-coin-on-the-path-to-hit-new-atl-will-pi-rise-back-up/)